Established as Kaveri Structurals, a partnership firm, to undertake structural fabrication jobs, Kaveri Engineering Industries became a private limited company in 1974 and a public limited one in 1978.
It is a leading supplier of hi-tech engineering capital machinery and process equipment to major core sector industries in India and has regional offices at all the metros.
Its product range includes pressure vessels, heat exchangers, storage spheres for liquefiable gases and sophisticated engineering systems such as noise control systems, waste water treatment systems, fluidised bed combustion boilers, energy recovery systems, gas handling systems, fired heaters, refurbishing and retrofilling of plant & equipment and a wide range of forgings.
Its major clients include the Oil & Natural Gas Corporation, the Gas Authority of India, the Indian Oil Corporation, Madras Refineries, Essar Gujarat, the Nuclear Power Corporation, etc.
It is planning a joint venture in Thailand with a Thai company to manufacture chemicals for the textile and leather industries. It has technology tie-ups with ICI Acoustics, UK, for noise control systems; with Paladon Engineering, UK, to manufacture oilfield equipments;with Incro, Spain, for phosphoric acid plants and retrofilling; and withPetrolite Corporation, US, to manufacture crude and for desalters.
It exports steel structures, chlorine tonne containers, heat exchangers, pressure vessels, etc.The company plans to develop process engineering of small chemical plants on a turnkey basis, to develop welding techniques for MDEA services and todevelop supply systems for offshore installations and engineering for glycol dehydration and desalter plants.
During the year 1995-96, the company's new venture into manufacture of Industrial Enzymes, as a division is being set up near Madras. The company is actively working in obtaining ISO 9001 certification. During the year company has recommended a dividend of 12%.
During 1996-97, the company could not actively involve in the upgrading the technological strength owing ot its liquidity constraints. However, with the techology base available it has earned a position to serve the customers at large on re-engineering and retrofeiting of the plant and equipments.