Shivalik Bimetal Controls Share price

Shivalik Bimetal Controls Ltd. (SBCL) was incorporated on18 June 1984 and converted into a Public Limited company on14 February 1985 with the purpose of setting upmanufacturing facilities for Thermostatic Bimetal Strips.This was the first plant in Asia outside Japan to undertakemanufacture of this sophisticated item. The plant islocated at Chambaghat District Solan Himachal Pradesh.The cost of setting up the project was part financedthrough a term loan from a consortium consisting ofIndustrial Finance Corporation of India Ltd. (IFCI)Industrial Credit and Investment Corporation of India Ltd.(ICICI) and Industrial Development Bank of India Ltd.(IDBI) with IFCI in the lead.The Company has established itself as the largestmanufacturer of Thermostatic Bimetal Strips in India. TheCompany''s market share in the production of ThermostaticBimetal Strips is above 65%. The Company also manufacturescomponents which use thermostatic bimetal strips.