Hindustan Hardy Share Price

Hindustan Hardy Limited, formerly known Hindustan Hardy Spicer Limited was incorporated as public limited company on October 16, 1982. The name of the Company was changed from Hindustan Hardy Spicer Limited to Hindustan Hardy Limited in 2018. Company has focused on designing and manufacturing Propeller Shafts and other accessories required for automotive, industrial, agricultural and other applications. Company began commercial production in 1985 in Nashik, collaborating with Gelenkwellenbau (GWB), Germany. It entered into a technical licence agreement with Glenkwellenban GmbH (GWB), for 10 years and technomarketing consultancy arrangement with XLO India Ltd (to draw on its marketing expertise for inpropeller shafts). GWB has also invested upto 26% in the total equity capital of HHSL. Dana Corporation, USA is now representing the interest of GWB (26% stake) in the company, by its acquisation of world wide propeller shaft business of GKN Group(the parent group of GWB) in 19992000.The companys propeller shaft capacity had increased to 200000 Nos. from 165000 Nos. during the year 199697. Currently during the year 200001 the installed capacity of Propeller shafts stands at 245000 nos. The company exports its products to UK, Srilanka and Nepal. Some of the new products developed were twopiece propeller shaft for Mahindra Allwyn Nissans cabston 690 model, US Kit for Bajaj Timpo Matador FAS and Journal and bearing racs for Telco 1516 vehicles. During the year 199293, the company developed agricultural propeller shaft to Rotavator, 1600 series propeller shaft for Ashok Leyland and 1410 series propeller shaft for Ashok Leyland Conqo project.