Revathi Equipment Limited
REVATHI.NS
National Stock Exchange of India1,960.00
INR
+9.55
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Revathi Equipment Limited
REVATHI.NS
(National Stock Exchange of India)
Recent
price
1,960.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Revathi Equipment India Ltd manufactures and markets specialized drilling rigs for mining, construction, quarrying, and water well applications; core products include blast hole drills (rotary and down-the-hole, diesel- or electric-driven), jackless drills, water well drills (up to 1000 meters depth and beyond), hydro-fracturing units, exploratory drills (up to 1300 meters depth), and top hammer track drills; the company also provides spares, after-sales services, and drilling accessories. Incorporated in 1977 as Revathi CP Equipment Limited with technical collaboration from Chicago Pneumatic USA and later under Atlas Copco for 15 years, the Delhi-based Renaissance group acquired it in 2002; headquarters are located in Coimbatore, Tamil Nadu, India, with manufacturing facilities at Pollachi Road, Malumachampatti. In accordance with a NCLT-approved Composite Scheme of Arrangement effective June 2023, the drilling equipment business demerged from the former Revathi Equipment Limited (now Semac Consultants Limited) into Renaissance Corporate Consultants Limited, which renamed to Revathi Equipment India Limited in July 2023 and listed shares on NSE and BSE in September 2024; recent developments include inauguration of a new state-of-the-art manufacturing plant in Malumachampatti, Coimbatore on February 16, 2025, incorporation of wholly-owned Revathi Drilling Solutions LLP on November 25, 2024, and milestone celebration of 1250+ drill rigs produced globally in November 2024. Operations serve major mining firms such as Coal India Limited, Tata Steel, NMDC, and Vedanta, with exports to Australia, Brazil, Indonesia, Jordan, Morocco, South Africa, Serbia, Tunisia, USA, and Zimbabwe.