Name:
Shriram Pistons & Rings Ltd
Sector Other::
Pistons & Rings
Main Customer:
Whole Seller
Owner Name:
Shri Pradeep Dinodia
Area of Work:
During 2017-18, all segments of the
automobile industry witnessed healthy growth, with buoyant consumer sentiment and adequate liquidity in the financial system.
Production of Two-Wheelers increased by 17% and Passenger Vehicles increased by 6%, contributed majorly by increased
consumer demand for personal mobility, easy financing and on-going urbanisation leading to increase in nuclear families.
Summary of Activities:
During the year, the Company has signed Productivity Linked Wage Agreements with workmen at both the Plants which will result
in increase in production across all operations. The Agreements were concluded harmoniously, as in the past.
The Company is in the process of making additional investment for modernization and capacity expansion to meet the growing
requirement of customers. Furthermore, the Company has made plans for reduction in scrap rate, reduction in setup time and cost
reduction to improve the profitability of the Company.
Companys revenues from operations (without excise duty/ taxes) increased by 18% during the year from Rs. 14626 Million to Rs.
17294 Million. Gross Profit [before Other Comprehensive Income (OCI)] for the year, after all interest charges but before depreciation
and taxes, increased by 15% over the last year from Rs. 2608 Million to Rs. 3012 Million.
Profit after tax (before OCI) for the year is Rs. 1389 Million against Rs. 1181 Million last year
Corporate Social Responsibility (CSR)
:
| S.No. |
Year
|
Net Profit
|
CSR Budget
|
CSR Expenditure
|
Areas of Expenditure
|
Details
|
|
|
Product(s) :
| S.No. |
Title |
Quantity |
Details |
|
|
| 1 |
Pistons, Piston Pins, Piston Rings and Engine Valves |
100% | NA |
R&D Plan(s)
:
| S.No. |
Year |
Budget |
Need |
Plan |
Details |
|
|
| 1 |
2018 |
Rs. 193.20 Million | Technology | Efforts towards technology absorption | i) Continuous interaction with Collaborators for upgrading design & quality of products manufactured and to enhance technical expertise for in-house design, development and testing.
ii) Visit of our engineers to Collaborators plants and visit of Collaborators engineers to our Plant for transfer of technology and latest production processes as per Collaborators practice.
iii) Regular visit of key R&D personnel of Collaborators to OEMs for sharing latest technology developments, new designs etc. |
Report(s) :
| S.No. |
Year |
Type |
Title |
Link |
Detail |
|
|
| 1 |
2018 |
Annual Report | Annual Report | Download | Annual Report |
Document(s) :
| S.No. |
Year |
Link |
Detail |
|
|
| 1 |
Annual Report | Download | Annual Report |
Address(es) :
| S.No. |
Primary/ Alternate Email
|
Mobile/ Phone |
City/ State/ Country |
Detail |
|
|
| 1 |
sprl@shrirampistons.com / sprl@shrirampistons.com | / | New Delhi / Delhi / India | 3rd Floor, Himalaya House 23, Kasturba Gandhi Marg New Delhi - 110001 India |
