Hinduja Foundries

Infobox Company
company_name = Hinduja Foundries Ltd
company_
company_type = Public
foundation = 1959
location = flagicon|India Chennai, India
key_people =
industry = Foundry
products = Grey Iron, Aluminum, SG Iron Castings
operating_income =
net_income = Rs. 5 Billion
num_employees = 2500 (Approx.)
parent = Hinduja Group
Group Companies = Ashok Leyland
Gulf Oil Ltd
HTMT Ltd
Indusind Bank
homepage = [http://www.hindujafoundries.in]
footnotes =

Hinduja Foundries Ltd (HFL) (formerly known as Ennore Foundries Ltd) is a part of the $12 billion Hinduja Group. Hinduja Foundries is India’s largest casting maker. Hinduja has 3 facilities in Chennai and Hyderabad which put together manufacturer’s 100, 000 MT of Castings in the form of cylinder blocks, heads, housings, manifolds, brake drums etc., made of Aluminum, Cast Iron and SG iron.

Hinduja Foundries has two new Grey Iron Plants, one in Sriperumbudur, and the other in Hyderabad. They've also proposed to start a new Aluminum Foundry and Machine Shop facility at Sriperumbudur.

History

Hinduja Foundries was established in the year 1959 as Ennore Foundries, initially promoted by British Leyland, Ennore Foundry commenced commercial production in 1961. Since then the intricate castings manufactured at its high capacity plant has been catering to the major Automobile Industries across India. Hinduja Foundries was initially established to cater to the needs of Ashok Leyland slowly grew out to become the largest casting maker in India.

Hinduja is the largest automotive jobbing foundry in India with production capacity of nearly 100, 000 MT of Grey Iron Casting and 3000 MT of aluminum gravity die-casting.

Products

Hinduja products are ranging from 10 Kg to 300 Kg in grey iron and 0.5 to 16.5 Kg in Aluminum gravity die castings. Product ranges include Cylinder Blocks, Cylinder Heads, Flywheels, Flywheel Housings, Transmission Casings, Clutch Plates, Brake Drums, Intake Manifolds and Clutch Housings for HCV,LCV and car segments. One of every three vehicles in 3 are fitted with HFL made Cylinder Block Casting.

Holdings

LRLIH Limited, U.K. (earlier a part of a British Leyland Group, U.K.) acquired by Hindujas and Iveco Limited in 1987. Iveco is the second largest Commercial Truck manufacturing company in Europe and a part of FIAT Group in Italy.

Hinduja Group was founded by Shri Paramnand Deepchand Hinduja in 1914 at Mumbai. Today Hinduja Group is a conglomerate with presence in 25 countries and employs over 25,000 personnel world over. HG includes Transport, Energy, Information Technology, Agri Business, Project Development, Banking and Finance and Trading.

The Company's promoters and their share holding details are LRLIH Limited, UK - 59.09%, Ashok Leyland - 21.01% and Public and Financial Institution - 19.90%.

External links

* [http://www.hindujafoundries.in Hinduja Foundries Home Page]
* [http://www.hindujagroup.com Hinduja Group Home Page]
* [http://www.ashokleyland.com Ashok Leyland Home Page]
* [http://in.reuters.com/article/businessNews/idINIndia-33433020080506 Hinduja Foundries plans investments worth 3.5 bln rupees. Reuters India. Tue May 6, 2008 6:25pm IST]
* [http://newspostindia.com/report-52925 Hinduja Foundries Is Back In Dividend List. Hinduja Foundries Limited, formerly known as Ennore Foundries Limited, will pay equity dividend after a gap of 10 years. News Post India. Tuesday 6th of May 2008]
* [http://machinist.in/index.php?option=com_content&task=view&id=1289&Itemid=2 Hinduja Foundries New Facility at Sriperumbudur Commences Production]