Revathi Equipment India Ltd - Stock Valuation and Financial Performance

Revathi Equipment India Limited was incorporated on January 22, 2020 under the provisions of Companies Act, 2013 having its registered office address at Coimbatore. The company is in the business of designing, manufacturing, and marketing of high power range of blast hole drills for mining, deep core drilling exploratory rigs, track drills for construction, and allied products for many decades. Revathi Equipment India, a drill manufacturing company owned by Renaissance group, was incepted in the year 1977 as Revathi CP Equipment the Indian Unit of Chicago Pneumatics USA with financial and technical collaboration. 

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. REIL’s drilling rigs are used extensively in mining operations of coal, cement, gold, construction, iron ore, copper, etc. by its diversified customer base. The Company offers drilling equipment with various hole sizes and comprehensive Maintenance and Service support to the customers for all their drilling equipment. 

The company was under the umbrella of Swedish multinational Atlas Copco for almost fifteen years, in the year 2002, the Delhi-based Renaissance group acquired the company. Since its inception the company has consistently, successfully manufactured and supplied many drills of different capacities, delivering quality holes drilled safely and accurately at the lowest cost, delighting the mining giants in India and across the globe. The customers being the world’s largest mining companies, Coal India, Tata Steel, NMDC, Vedanta to name a few. The company has also sold a significant number of its drills to reputed mining companies in Australia, Brazil, Indonesia, Jordan, Morocco, South Africa, Serbia, Tunisia, USA, Zimbabwe.

Business area of the company

The company is preliminary engaged in the manufacturing and sales of drilling rigs and spares thereof. 

Products of the company

• Rotary blast hole drills
• Down the hole drills

History and milestones

• 1977: Established as Indian unit of Chicago Pneumatic.
• 1979: First 6 Inch Class Blast Hole Drill Supplied.
• 1982: First 10 Inch Class Blast Hole Drill Supplied.
• 1986: First 200 Mtr Water Well Drill Delivered.
• 1986: First 4 Inch Class Blast Hole Drill Supplied.
• 1987: It is acquired By Atlas Copco.
• 1988: First 300 Mtr water well drill delivered.
• 1991: International business begins with its supply to Jordan.
• 1993: 168 Drill Rigs supplied to USA.
• 2002: First 500 Mtr Water Well Drill Delivered.
• 2003: It is acquired by renaissance.