Revathi Equipment India Ltd Share Price

Revathi Equipment Limited, a drill manufacturing company, was incorporated in 1977. Since its inception, Revathi Equipment has consistently manufactured and supplied more than 2000 drills of different capacities. Revathi Equipment India Limited was incorporated as 'Renaissance Corporate Consultants Limited' on January 22, 2020 in Tamil Nadu vide Certificate of Incorporation issued by the Central Registration Centre, Registrar of Companies. Further, pursuant to the Scheme, Company's name was changed to 'Revathi Equipment India Limited' vide Certificate of Incorporation dated July 20, 2023. 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, Hydro-Fracturing Units and Exploratory Drills. The Company's business runs in parallel to the coal mining and metal mining industry. REIL's drilling rigs are used extensively in mining operations of coal, cement, gold, construction, iron ore, copper, etc. by its diversified customer base. REIL's customers includes some of the world's largest mining companies, Coal India Limited, Tata Steel, NMDC and Vedanta to name a few. The Company's 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 Business of Revathi Equipment Limited got demerged and transferred to Renaissance Corporate Consultants Limited, which subsequently was renamed to Revathi Equipment India Limited (REIL). 30,66,943 Equity Shares of Rs. 10/- each were allotted pursuant to Scheme of Arrangement in 2024. The Company has incorporated an wholly owned/ controlled Limited Liability Partnership by the name Revathi Drilling Solutions LLP on 25 November, 2024 in Coimbatore, Tamil Nadu.