Integra Engineering India Share Price

Integra Engineering India

CMP as on18-May-22 15:29

₹ 86.75
-0.1 -0.12%

Open

₹ 89.95

Turnover (lac)

₹ 64

Prev. Close

₹ 86.85

Day's Vol (shares)

₹ 8,554

Day's Range

₹ 83.60
₹ 89.95

Schlafhorst Engineering (SEL) (formerly known as Padmatex Engineering) was incorporated in 1981 to manufacture and market textile machinery. SELs manufacturing units are located at Baroda and Halol (Panchmahal district), both in Gujarat. The company has a collaboration with Schlafhorst, Germany, which is a subsidiary of the Switzerland-based Saurer group. Schlafhorst increased its equity stake in Padmatex Engineering to 55.52% and renamed it Schlafhorst Engineering. The increase in collaborators stake is a part of Saurers global strategy to create a wider base for manufacturing plants in the rapidly growing Asian markets. Mafatlal Industries holds an 11% equity stake in the company.SEL, which manufactures automatic winding machines for the textile industry, has been facing stiff competition from international manufacturers. Textile manufacturers have been opting for imports of second-hand automatic winding machines which work out to be cheaper. Moreover, there is a flood of automatic winding machines from Japanese manufacturers. Gujarat Textronics is the subsidiary of SEL. The company has introduced a new model -- Autoconer 238 -- which has received a good market response.Due to the reduction in the consumption of textiles the Vadodara factory closed from 01.05.1999, after implementing VRS and trasferring the remaining employees to Halol. Also during the year 1999, the company has been declared as a Sick company by the BIFR and ICICI its operating agency proposes to submit a revival plan shortly.Assuming that the insitiutions will support the company and the Governemnt of Gujarat would grant Vadodara property zone change from industrial to commercial/residential, a revival proposal has been submitted to ICICI in Jul.00 to enable them to finally prepare a rehanilitation scheme and submitting it to BIFR.

  • Director

    Adrian Oehler
  • Independent Director

    Shalin S Divatia
  • Independent Director

    Mahendra Sanghvi
  • Chairperson

    Corrine Raez
  • Independent Director

    Rahul Divan
  • Independent Director

    Bhargav Patel
  • Company Secretary

    Harneetkaur Anand

Registered Office

Chandrapura Village Post Box55,
Taluka Halol Dist Panchmahals,panchmahal,
Gujarat-389350

REGISTRAR OFFICE

B-102&103 Shangrila,
Akota,Vadodara - 390 020
INDIA