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Revathi Equipment

Revathi Equipment

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Balance Sheet ( Figures in Rs. Crores.)

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Shareholders more than 1%

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Overview

Revathi Equipment was incorporated as a private company on May 30,1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore, Tamil Nadu. Subsequently, the company was converted into a public limited company on November 4, 1977 and entered into a technical and financial tie-up with world renowned Chicago Pneumatic Tool Company (CP), USA for the manufacture of water well rigs, blast hole rigs, drilling accessories and allied products. Revathi equipments is now a part of the Renaissance Group.

Accordingly, the name of the company was changed to Revathi-CP Equipment Ltd. CP was holding 40% of the paid-up share capital of Revathi and Revathi became a division under the Industrial Tools Division of CP, USA. The balance 60% of the paid-up share capital was with the Indian public and various financial institutions. 

In the mid 80s, CP was acquired by another world renowned European giant Atlas Copco, Sweden. Thus by virtue of such an acquisition, Revathi became a group company of Atlas Copco, Sweden.

In the year 2001, the name of the company was changed from Revathi-CP Equipment to Revathi Equipment.

In the year 2002, Atlas Copco India Ltd and Chicago Pneumatic Tool Company, USA sold their 40% paid-up share capital in Revathi Equipment to Utkal Investments Ltd, New Delhi, which is a part of Renaissance Group headed by A H Dalmia. Thereafter, pursuant to SEBI's Takeover Code, the Group acquired another 20% from the public shareholders to take their stake to 60%.

Revathi Equipment (REL) is registered with BSE, NSE and Coimbatore stock exchanges.

In 2010 the Company has acquired 20% in the equity capital of Satellier Holdings Inc, USA.

Product range of the company includes:

Drilling Equipments

  • Mining
  • Constructing
  • Water Well
  • Exploratory

Concreting Equipment

  • Concrete mixing plant
  • Transit Mixer
  • Concrete Pump

Achievements/ recognition:

The company is ISO 9001 : 2000 certified.

Clientele

Coal Mining

  • Coal India and it's Subsidiaries
  • Tata Iron and Steel Company Ltd (TISCO)
  •  Singareni Collieries Co Ltd

Water Well Drilling

  • Central Ground Water Board 
  • Ground Water Department of various state governments

Limestone Mining

  • Gujarat Ambuja Cement
  • Rajashree Cement
  • Zuari Cement

Exports

  • Bucyrus International Inc., USA
  • Sullivan Palatek Inc, USA
  • Globe Compressors, Australia
Brands Of Revathi Equipment

Brands Of Revathi Equipment

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