AIA Engineering Live Stock, Share, Price, Charts, Quotes, NSE, BSE
AIA Engineering (AIAENG) specializes in design, development, manufacture, installation and servicing of high-chromium wear, corrosion and abrasion resistant parts used in cement, mining and thermal power generation industries. The company was incorporated as a joint venture with Magotteaux International S.A., Belgium on March 11, 1991, got its current name in 2000, and went public in 2005. The chairman of the company is Rajendra S. Shah and Bhadresh K. Shah, the managing director.
The company manufactures value-added, impact, abrasion and corrosion resistant high chrome metallurgy components of ball mills (tube mills) and vertical mills called mill internals, which are integral equipments forming part of cement plants, mining plants and thermal power plants. Products include grinding media, tube mill liners, diaphragms, vertical mill parts, HRCS castings, ..etc. It has a manufacturing capacity of 65,000 high chrome grinding media, liners, vertical mill spares and mining liners and can deliver 100 diaphragms per annum. The company offers services like ball charge management where it maintains warehouses to maintain stock of grinding media.
It operates mobile ball sorting units that sort media at the customer?s site. The company offers optimum process services to improve production and reduce energy consumption. It has a team of well-trained installation supervisors in various parts of the world. Clients include ACC, Gujarat Ambuja Cement, Kudremukh Iron Ore Company, Hindustan Zinc, Bharat Aluminium Company, thermal power plants, OEMs, ..etc. The company markets globally through subsidiaries in North and South America, Europe, Middle East, Far East, Australia and Africa. Domestic subsidiaries are Reclamation Welding and Paramount Centrispun, and four wholly-owned overseas subsidiaries are Vega Industries in the Middle East, USA, UK and Canada. The registered office is at 115, GVMM Estate, Odhav Road, Ahmedabad- 382410, Gujarat. Financials The company disclosed fall of 5.74% in consolidated net profit on y-o-y basis to Rs 463.59 million, while total income climbed 16.09% y-o-y basis to Rs 3.07 billion for the quarter ended December 2010.
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