GEE Ltd - Stock Valuation and Financial Performance

In 1969, GEE set up first welding electrode manufacturing plant at Thane, near Mumbai. The company entered into a technical collaboration with Messer Griesheim Gmbh of Frankfurt to accomplish its mission.

In a reasonable period of time they made rapid strides in terms of product portfolio expansion, production, sales and support services.

GEE’s unmatched expertise in welding technology, metallurgy driven by in-house research and development, global networking and documentation systems solve welding problems. In this process they also create new knowledge on an on-going basis to enrich the welding industry.

The impeccable quality of GEE brands electrodes, wires and fluxes has helped the company to have a pan-India presence extended over to Persian Gulf countries. Demand for GEE brands further went up with the rapid industrialization of India.

To make good use of this encouraging scenario GEE set up two green field plants one at Kalyan, near Mumbai, side by side phasing out the Thana plant and another at Kolkata thus doubling the production capacity to 13,200 tons.

These plants, ISO 9001:2000 accredited by Det Norske Veritas, are fully integrated and equipped with modern machinery and systems for production, packing and dispatch. These are supported with a well-defined supply-chain, dealer, delivery logistics, IT driven sales and administrative network.

Primarily identified as pre-and-after sales service, end-users are given close and clear guidance about welding procedures to be followed, process parameters to be established and the appropriate consumables to be selected for the job on hand and eventually secure optimum results.

Container loads of GEE brands of general purpose electrodes are regularly exported to United Arab Emirates. The company is taking efforts to help other Gulf States, East Africa, South Africa and South East Asia benefit from using GEE’s welding products besides drawing on GEE’s welding know-how.  

Products:

• Covered Electrodes: Mild steel, Low hydrogen, High tensile, Low alloy, Hardfacing, Stainless steel, Cast iron, Non ferrous, Cutting & gouging and Tubular electrodes
• Low heat input alloys: Carbon steel, Stainless steel, Hardfacing, Cast iron, Copper and copper alloys, Nickel and nickel alloys
• Tig Filler wires
• MIG/MAG wires,
• Saw wires and fluxes
• Flux cored wires

Recent Development:

The board of directors of GEE had approved the bonus issue of 2,969,760 equity shares of Rs 2 in the ratio of 1:5.