Revathi Equipment India Ltd Share Price

(RVTH)

Revathi Equipment Limited a drill manufacturing company was incorporated in 1977. Since its inception Revathi Equipment Limitedhas consistently manufactured and supplied more than 2000 drills of different capacities. It delivers quality holes drilled safely andaccurately at the lowest cost delighting the mining giants in India and across the globe. Revathi Equipment India Limited was incorporated as Renaissance Corporate Consultants Limited on January 22 2020 in the State of Tamil Nadu vide Certificate of Incorporation issued by the Central Registration Centre Registrar of Companies. Further pursuant to Scheme the Company name has been changed to o Revathi Equipment India Limited vide Certificate of Incorporation dated July 20 2023 issued by Registrar of Companies Coimbatore Tamil Nadu.REILs drilling rigs are used extensively in mining operations of coal cement gold construction iron ore copper etc. by its diversifiedcustomer base. REILs customers includes some of the worlds largest mining companies Coal India Limited Tata Steel NMDC and Vedanta to name a few. The Companys manufacturing plant is located at Malumachampatti P.O. in Coimbatore with an annual installed capacity to produce 100 drill machines. Following the NCLT order dated 14th June 2023 approving the Composite Scheme of Arrangement the Drilling Equipment Businessof Revathi Equipment Limited got demerged and transferred to Renaissance Corporate Consultants Limited which subsequently was renamed to Revathi Equipment India Limited REIL. 3066943 Equity Shares of Rs. 10/ each were allotted pursuant to Scheme of Arrangement in 2024. At present the Company is in the business of manufacturing and marketing Blast Hole Drills Rotary and DTH Diesel / Electric driven for mining applications Jackless Drills for Construction and Mining applications Water Well Drills HydroFracturing Units and Exploratory Drills. The Companys business runs in parallel to the coal mining and metal mining industry..

Listing date: 11 Sep, 2024