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Evans Electric Ltd.
Evans Electric
Evans Electric Ltd. live price is ₹ 0.00. Price change 0.00, 0.00 percent.
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Small-cap - With a market cap of ₹45.00 Cr.
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Company Profile
The Company was originally incorporated as ‘Evans Electric Limited’ on December 29, 1951 under the provisions of the Companies Act, 1913 with the Registrar of Joint Stock Companies, Bombay. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on February 18, 2019, the company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘Evans Electric Private Limited’ to ‘Evans Electric Limited’ vide a fresh Certificate of Incorporation dated March 13, 2019 issued by the Registrar of Companies, Mumbai.
Business area of the Company:
The Company is engaged in the business of repairing, re-winding and re-designing including in-house manufacturing of replacement components of small, medium and large electric motors, generators and transformers, which are used in Thermal, Hydro, Diesel, Gas & Nuclear Electric Power Generation, Petroleum Refineries, Chemicals & Fertilizers, Cement Plants, Steel Plants, Tyre Manufacturing, Sugar Mills, Oil & Gas Exploration, Shipping, Mining and Railway Traction. The company is on the basis of the damage and assessment of the repairs or rewinding required for any AC & DC Machines, design, develop and manufacture components in-house for carrying out said re-winding and repairing work of aforementioned items. Some of the replacement components manufactured by it includes Coils, Insulators, Slip Rings, Retaining Rings, Carbon Brushes, Brush Holders, Complete winding kits, Insulation Components, Wedges, Packers and stampings, as well as allied specialized tools and equipment.
Major Events and milestones:
- 1951: Incorporation of the Company.
- 1978: Achieved a major breakthrough as successfully repaired 40,000 KvA - 11,000 volts generating sets of Uttar Pradesh State Electricity Board, for which got recognition from various publication houses.
- 2007: Acquired factory unit admeasuring to 30,000 sq. ft. located in Palghar, Maharashtra.
- 2017: Attained the Revenue milestone of Rs 1,000 Lakhs.
- 2019: The Company was converted into a Public Company limited by shares and consequently the name of the Company was changed from Evans Electric Private Limited to Evans Electric Limited.