HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED is a multi-product multi-location Company in India. The company is primarily engaged in the business of Railway Rolling Stock, Railway Wagons, Jute goods, and Gas based Chemicals. Hindusthan Engineering & Industries Limited owns the largest steel foundry in the private sector of India and is also the first foundry of India to get certified by The Association of American Railroads, U.S.A. The company can produce Hadfield Manganese Steel Crossings of sizes from up to 1 in 24, and also manufactures Scissor, Obtuse, and Diamond crossings for the metro as well as conventional tracks. The company is currently supplying Couplers, Bogies, Draft Gears, and CMS Crossings to the Ministry of Railways. It is one of the largest producers of Bolsters, Bogies, Couplers, Side Frames, Draft Gears, and other components for Rolling Stock. The company is exporting Bogies to Australia, South Korea, and North America. Hindusthan Engineering & Industries Limited is also the first company to develop anode yokes for aluminum smelters in India. Hindusthan Engineering & Industries Limited is also engaged in the manufacturing of cyanides and more than 40% of production is exported.
Shri V A Mody (Chairman)
Shri Satish Kapur (Director)
Shri Biswajit Choudhuri (Director)
Dr. Ranjan Ghosh (Director)
Smt. Archana Agarwal (Director)
Shri A K D Singh (Technical Executive Director)
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Hindusthan Vidyut Corporation Limited (HVCL) |
Subsidiary |
100% |
|
SHAREHOLDER’S NAME |
NO. OF SHARES |
% OF TOTAL SHARES OF THE COMPANY |
|
Promoters Shareholding |
1,22,98,387 |
81.98% |
|
Public Shareholding |
27,02,395 |
18.02% |
|
Total |
1,50,00,782 |
100.00% |
In 2019, India ranked second as the world’s largest steel producer with a production of 111.2 million tonnes. The sustainable growth of the steel sector can be attributed to the domestic availability of raw materials including iron ore and cost-effective labor. The steel sector is one of the major contributors to the Indian economy. The Steel Industry of India has been divided into three categories, Major producers, main producers, and secondary producers.
Production of crude steel and finished steel in India increased to 108.5 Million Tonnes and 101.03 Million Tonnes in FY 2020 respectively. Consumption of finished steel in India grew at a CAGR of 5.2% from FY 2016 to FY 2020. In FY 2020, India exported 8.24 million tonnes of finished steel and imported 6.69 million tonnes of it. From April 2020 to February 2021, the export of finished steel stood at 9.49 Million tonnes and imports stood at 4.25 million tonnes.
Indian railways are now turning to the private sector for redesigning wagons to carry a different range of goods like coils, fly ash, and cars. There are already 2.8 lakh conventional goods wagons in the country. However, there is a need for around 10,000 new designs of wagons in the railway sector for the transportation of goods like trucks, cement, cars, steel coil, and fly ash.
