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Harig Crankshafts Ltd

BSE: 500178 | NSE: HARIGCRANK ISIN: INE905C01026
Market Cap: [Rs.Cr.] 31.55 Face Value: [Rs.] 1
Industry: Castings & Forgings

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Company Profile

Harig Crankshafts (HCL) was promoted in the joint sector by Pradeshiya Industrial Corporation of Uttar Pradesh along with Haring India and Deshbir Singh in collaboration with Wilbelmus Import and Export Establishment, Germany. It was incorporated in Apr.'83 and set up a project to manufacture automotive crankshafts at Noida, Uttar Pradesh (inst. cap. : 17,000 tpa of forgings). Its product range includes crankshafts for cars, light commercial vehicles, trucks and earth moving equipment. The project was implemented in a phased manner. The first phase consisted of a sophisticated crankshaft machining line which started commercial production in Jan.'90, but capacity utilisation was low on account of non-availability of quality forgings and erratic supply of forgings and the company made losses since its inception. The company commissioned in Mar.'95 a forging press and a machine line to manufacture additional crankshafts to increase the total capacity to 89,000 pa. HCL offered rights in May '95 (premium : Rs 12) to raise funds to pay the interest owed to various financial institutions and to meet additional working capital requirements. It came out of the red in 1994-95. With the accumulated losses exceeded the total net worth the company has been referred to BIFR and the Board has declared the company as Sick. As a part of diversification the company has entered into the field of Foring Valve Bodies and Flenges of all sizes,thus reducing its dependence on the Automotive Industry.

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Key Information

Key Executives:

Anil Sharma , Director

Devender Singh , Director

N Sinha , Director

Gopal Patwardhan , Director

Company Head Office / Quarters:

C-49 Phase II,
Gautham Budh Nagar Dist,
Uttar Pradesh-201305
Phone : Uttar Pradesh-91-0577-2562415/2562416 / Uttar Pradesh-
Fax : Uttar Pradesh-91-0577-2562414 / Uttar Pradesh-
E-mail : harig1@mantraonline.com
Web : http://www.harigcrankshaft.com


Beetal Fin.&Computer Ser.P Ltd
Beetal House 3rd Flr,Behind Local Shp Cen,Nr Dada Harsukh Das ,New Delhi - 110062

Fund Holding
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