Kennametal India was established in 1964 and was formerly known as Widia India Ltd. Kennametal India Ltd. manufactures mining tools, metal castings, fixtures and jigs, forming, machines for special purposes, and products made of hard metals.
The total income of the Company India Kennametal amounted to ` 874.33 million in 2005- 2006 and the next year the figure stood at ` 1016.10 million. The net profit of the company stood at ` 149.35 million in 2005- 2006 and the next year the amount increased to ` 152.88 million. This shows that the Kennametal India Company's profit levels are increasing.
Kennametal Inc., the parent company of Kennametal India is enlisted on the NYSE. In 2006, Kennametal Inc. officially declared the opening of the company's new production facility at Tianjin, China at an investment of US$ 31 million. The facility is spread over an area of 160,000 sq.ft. and predominantly deals with advanced design activities and engineering processes. Naturally, with the parent company expanding its presence across the world, Kennametal India is also set to traverse newer territories as far as R&D and production output is concerned.
Last Updated on 06th June 2011
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