Home MarketCummins India Ltd.

Cummins India Ltd. Stock Info: As on 2018-05-24 15:56:20

Nse

719.85

-17.70(-2.40%)
Change%
52 Week Range
680.65
28.00
1,044.10
25.00
Open737.00
Day's Range663.80 - 811.31
Value Traded (in ₹ Cr.) 41.62

Bse

718.00

-17.50(-2.38%)
Change %
52 Week Range
670.95
28.00
1,043.80
25.00
Open728.00
Day's Range661.95 - 809.05
Value Traded (in ₹ Cr.) 2.45

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 141,372,000.00 51.00%
IndianPromoters 683.00 0.00%
Mutual Funds/UTI 39,408,619.00 14.22%
FII 39,101,381.00 14.11%
Employee 0.00 0.00%
Public 24,948,961.00 9.00%
Government 664,056.00 0.24%
Others 10,979,709.00 3.96%
More

Key Statistics

Valuation Measures
Market Cap / Sales Ratio 5.17
Basic EPS (Rs.) 26.50
Cash EPS 29.56
BVPerShare Excl 135.00
Operating Revenue 183.17
PBDITPerShare 36.43
Dividend 14.00
NPPerShare 26.50
Current Ratio 2.17
Quick Ratio 1.71
PriceToBV 7.02
Earnings 0.02
PBDIT Margin 19.88
PBT Margin 17.88
NP Margin 14.46
Return On Assets 14.57
Retention Ratios 47.17
Parameter Mar-17 (₹ Cr.) Yoy%change
Total Income 5,285.32
Total Expenses 4,377.08
EBITDA 1,009.80
PBT 908.24
PAT 734.63
Net Income 734.63
More
Parameter Sep-17 (₹ Cr.) 6M % change
Total Income 2,606.60
Total Expenses 2,174.76
EBITDA 388.98
PBT 479.98
PAT 375.06
Net Income 0.00
More
Total Assets
Total Assets
Parameter Mar-17 (₹ Cr.) Yoy%change
Total share capital 55.44
Net worth 3,742.17
Investments 707.40
Total Liability 5,040.88
Total debt 250.78
Net block 1,963.24
Total Assets 5,040.88
Parameter Sep-17 (₹ Cr.) 6M % change
Total share capital 55.44
Net worth 3,295.88
Investments 161.42
Total Liability 4,500.04
Total debt 0.00
Net block 1,737.12
Total Assets 4,500.04
Company Curr Price Prev. Close Change% W's Low/High

Greaves Cotton Ltd.

125.95 126.7 -0.59
126134.05

Kirloskar Industries Ltd.

1202.4 1220.1 -1.45
12021303.95

Kirloskar Oil Engines Ltd.

323.5 322.15 0.42
304.4324.8

Swaraj Engines Ltd.

1942.5 1976.95 -1.74
19311999.2
Company Curr Price Prev. Close Change% W's Low/High

Greaves Cotton Ltd.

126.3 126.5 -0.16
125.95136.4

Kirloskar Industries Ltd.

1221 1210 0.91
12101274.7

Kirloskar Oil Engines Ltd.

323.1 319.7 1.06
302.95325.4

Swaraj Engines Ltd.

1958.7 1983.25 -1.24
1931.452003.05
More
Parameter Mar-17(in ₹ Cr.)
Cash from operating activities 745.57
Cash from investing activities -486.04
Cash from financing activities -224.53
Net change in cash 38.61

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
Reliance Multi Cap Fund 2.99%
Reliance Large Cap Fund 2.98%
Aditya Birla Sun Life Frontline Equity Fund 0.80%
Reliance Tax Saver Fund 1.55%
HDFC Mid-Cap Opportunities Fund - Regular Plan 0.58%
Franklin India Bluechip Fund - Growth 1.31%

M Venkatesh appointed MRPL MD

M Venkatesh has been appointed as the Managing Director of Mangalore Refineries and Petrochemicals Limited (MRPL), an order issued by the Personnel Ministry said today. Vekatesh is at present Director (Refineries) in the MRPL, a subsidiary of the Oil and Natural Gas Corporation Limited (ONGC) He has been appointed to the post for a period of five years with effect from the date of his assumption of charge of the post on or after June 1, 2018, or till the date of his superannuation, the order said.

24-05-2018 11:42

TCS expands operations in Florida as part of Transamerica deal

India's largest IT services firm TCS today said it has expanded operations in Florida, US, with over 430 employees joining the company as part of its deal with Transamerica. In January, Tata Consultancy Services (TCS) had signed an over USD 2 billion deal with Transamerica to administer the latter's life insurance, annuity, supplemental health insurance, and workplace voluntary benefits products. It covered managing administration of more than 10 million policies. More than 430 former Transamerica employees now work for TCS at this new St Petersburg facility (in Florida) as part of recruiting and investing in more than 2,200 Transamerica jobs across the US in multiple locations, the Indian software services giant said in a statement. TCS will occupy several floors of Transamerica's building at 570 Carillon Parkway in St Petersburg, as part of a multi-year agreement with Transamerica... The St Petersburg office is a new US business centre for TCS, adding to the over 1,000 employees already serving American businesses throughout the state, it added. TCS said it has invested nearly USD 3 billion in the US over the past three years and has been among the top two IT services job creators in the country. TCS is a leading industry employer in the US, striving to help American companies like Transamerica to digitally transform their business and capitalise on rapidly evolving customer demands, TCS President and Global Head (Banking, Financial Services and Insurance Platforms) Suresh Muthuswami said. We look forward to partnering with St Petersburg's city, state and local organizations to further build upon our business and community impact, he added. The company said it has made tremendous community impact in Florida over past several years.

24-05-2018 11:16

Kotak India Growth Fund Series 4 - Direct Plan: change in investment factsheets for April

Kotak India Growth Fund Series 4 - Direct Plan has announced change in investment factsheets and fund flash for the month ended April 30, 2018. As on Apr 30, 2018, the total size of the Fund was Rs 429.99 crores, compared with Rs 424.96 crores in the last month. The Fund's NAV per unit was Rs 9.89 for Growth, while 52-Week High and Low ranges were Rs 10.35 and Rs 9.51 respectively. The Equity - Diversified fund with Growth plan was launched on Jan 29, 2018 and managed by Fund Managers Harsha Upadhyaya, Devender Singhal. The top five companies based on a percentage of total holdings were ITC Ltd. (35.18 Cr.), HDFC Bank Ltd. (19.44 Cr.), Mahindra & Mahindra Ltd. (19.21 Cr.), Tata Motors Ltd. (17.02 Cr.) and Bata India Ltd. (16.05 Cr.). Kotak India Growth Fund Series 4 - Direct Plan is promoted by Kotak Mahindra Mutual Fund and managed by Kotak Mahindra Asset Management Company Ltd..

24-05-2018 11:00

Kotak India Growth Fund Series 4: change in investment factsheets for April

Kotak India Growth Fund Series 4 has announced change in investment factsheets and fund flash for the month ended April 30, 2018. As on Apr 30, 2018, the total size of the Fund was Rs 429.99 crores, compared with Rs 424.96 crores in the last month. The Fund's NAV per unit was Rs 9.88 for Growth, while 52-Week High and Low ranges were Rs 10.34 and Rs 9.51 respectively. The Equity - Diversified fund with Growth plan was launched on Jan 29, 2018 and managed by Fund Managers Harsha Upadhyaya, Devender Singhal. The top five companies based on a percentage of total holdings were ITC Ltd. (35.18 Cr.), HDFC Bank Ltd. (19.44 Cr.), Mahindra & Mahindra Ltd. (19.21 Cr.), Tata Motors Ltd. (17.02 Cr.) and Bata India Ltd. (16.05 Cr.). Kotak India Growth Fund Series 4 is promoted by Kotak Mahindra Mutual Fund and managed by Kotak Mahindra Asset Management Company Ltd..

24-05-2018 11:00

BLS International to assist Sopra Steria on UK visa renewals

Visa service provider BLS International today said theUnited Kingdom Visas and Immigration (UKVI) has awarded Sopra Steria a new contract to enable visa renewals for those individuals who are already in the UK. BLS International will support Sopra Steria and UKVI, a division of the UK Home Office responsible for deciding who can visit and stay within the UK, by establishing and delivering some of the key add value services under the contract, it said in a release. BLS International claims to handle about 12 million visa applications annually across the globe at present. Meanwhile, shares of the company were trading at Rs 172.55 apiece, up 1 per cent from the previous close at 10:50 hours on BSE.

24-05-2018 10:51

Cummins India Lt - Analysts/Institutional Investor Meet/Con. Call Updates

Cummins India Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

23-May-2018 03:36 PM

Cummins India Lt - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Intimation of schedule of analyst call/meeting under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

23-May-2018 03:25 PM

Cummins India Lt - Change In Director

Cummins India Limited inform that Mr. J. M. Barrowman (DIN: 00668324), Alternate Director to Mr. Norbert Nusterer (DIN: 07640359) has ceased to be a Director of the Company on account of arrival of Mr. Norbert Nusterer in India.

21-May-2018 08:46 PM

Cummins India Lt - Change in Director(s)

Cummins India Limited has informed the Exchange regarding Change in Director(s) of the company.

21-May-2018 08:38 PM

Cummins India Lt - Analysts/Institutional Investor Meet/Con. Call Updates

Cummins India Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates/ intimation.

17-May-2018 12:09 PM

Cummins India Lt - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Intimation of schedule of analyst call/meeting under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

23-May-2018 03:25 PM

Cummins India Lt - Change In Director

Cummins India Limited inform that Mr. J. M. Barrowman (DIN: 00668324), Alternate Director to Mr. Norbert Nusterer (DIN: 07640359) has ceased to be a Director of the Company on account of arrival of Mr. Norbert Nusterer in India.

21-May-2018 08:46 PM

Cummins India Lt - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Intimation of Schedule of analyst call under Regulation 30(4) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

17-May-2018 12:04 PM

Corporate Details

About Management

1962 - The Company was incorporated on 17th February, at Pune. The Company manufacture internal combustion engines in particular diesel engines of all sizes and capacities, reciprocating piston engines, gas turbine engines, gasoline engines, etc. The promoters of the Company were Kirloskar Oil Engines Ltd., Lakshmanrao Kirloskar Road, Khadki, Pune and Cummins Company Inc., Columbus, U.S.A. - 38,250 shares allotted to Kirloskar Oil Engines, 75,000 shares to Cummins Engine Co. Inc., USA and 36,750 shares to the public during May 1962. 1966 - Cummins Diesel Sales and Services (India) Ltd., became a wholly owned subsidiary of the Company. 1973 - 60,000 Bonus shares issued in prop. 2:5. 1974 - KCL Research and Development, established, is recognised by the Department of Science and Technology. 1977 - 7,00,000 - 11% pref. shares offered to the public in May 1976. 2,10,000 bonus equity shares allotted in prop. 1:1 in Oct. 1976. 1978 - The Company obtained a limited licence for the manufacture of 500 (Neoplan) buses in collaboration with Gottlob Auwarter GmbH & Co., West Germany. 1980 - 2,40,000 bonus equity shares issued during Oct.- Nov. in prop. 4:7. 1983 - 6,60,000 Bonus equity shares of Rs 100 each issued in prop. 1:1 in Dec. 1986 - The Company proposed to set up a fatigue testing lab. It had developed and field tested dual fuel engines capable of running on natural gas and diesel. - The Auto division designed and developed a low floor, wide bodied bus based on integral construction technology for use at airports. The bus has a capacity to carry 125 passengers. - Equity shares and unclassified shares sub-divided on 12.12.1986. 132,00,000 bonus shares issued in prop. 1:1. 1987 - Pref. shares redeemed. 1988 - During the period, manufacturing facilities for luxury and airbus were established. Also, production of hitech import substitution components/assemblies commenced. - The Company undertook a project for the manufacture of mini-power station of 1, 2, 5 and 10 mega watta within a period of one year. - A letter of intent was received for the establishment of a 1,005 export oriented unit for assembly of internal combustion engines. - Another letter of intent was received for the manufacture of two axle on-road and three axle off-road commercial vehicles in the range of 15 to 34 tonnes with an annual capacity of 6,000 vehicles. - The Company entered into a collaboration agreement with RABA Hungarian Railway Carriage and Machine Works, Gyor, Hungary. - The Company, jointly with Cummins Engine Co. Inc., USA, undertook to set up a project for the manufacture of V-28 engines, - The Research & Development division developed dual fuel engines, 6B5.9 marine power packs for fishing trawlers and 12 and 16 cylinder gas engines. Also, import substitution of various components of V 28 engines were carried out. 1990 - Authorised capital reclassified. 1991 - The Company received the ISO-9001 certification for quality management system approval with respect to design, development, production, installation and service of internal combustion engines. 1992 - Technology was being assimilated for flame proof engines. Also, substantial savings in foreign exchange was achieved through majo indigenisation programme. - Cummins Engine Co. Inc, USA are the collaborators for the manufacture of engines. Holset Engineering Co. Ltd., U.K., are the collaborators for the manufacture of turbochargers. - 13,200,000 bonus equity shares issued during 27th Oct. 1994 in proportion 1:2. - Demand in domestic market improved due to the Government's liberalization and globalization policy. 1994 - 13,20,000 bonus equity shares issued during 27th Oct. 1994 in proportion 1:2. 1996 - A new engine model was introduced in the compressor market. - By mutual agreement cummins engine company Inc. USA (cummins) and Kirloskar Oil Engines Ltd. (KOEL) whose equity participation was 50 per cent and 25.5 percent respectively decided to go independent. 1997 - The Company along with Cummins Engine Company undertook to introduce two new versions of engine models with high horse power viz. `Quantum' engines with a view to increasing the horsepower range to 2,700. - In the generating set segment, it was proposed to introduce 6 BT powered generator set to address the below 100 KVA power generation market. - In recognition of export performance, Engineering Export Promotion Council (EEPC) has awarded to the Company `Top Exporters' Shield-National in the category of `Consumer Durables Exporters' (Non-SSI). - Jt. Director General of Foreign Trade and Mahratta Chamber of Commerce & Industries, Pune have awarded a trophy to the Company for export excellence. - Cummins and KOEL have signed an agreement with regard to their future equity holding in KCL. This will enable KOEL to disinvest, subject to statutory approval. 1998 - Effective September 10, the name of the Company was changed from Kirloskar Cummins Ltd. to `Cummins India Ltd.' - The Cummins Engine Company Inc, USA, is the world's largest independent manufacturer of diesel engines above 200 HP and is recognized for its expertise in emissions, fuel efficiency and electronics. - Cummins India Ltd., a joint venture since 1962, is the only company in the country to offer a range of engines in diesel, gas and dual fuel models, it has produced more than 140,000 engines so far. - Cummins India Ltd., a 51 per cent subsidiary of Cummins Engine Company of US is currently clocking heavy volumes at the Mumbai Stock Exchange. - The Pune-based Cummins India Ltd., (CIL), the largest manufacturer of industrial diesel engines in the country, has entered the 1.5 MW segment with the unveiling of its Quantum series of engines. - Cummins Wartsila, the France-based manufacturer of power engines, is exploring the possibility of setting up a manufacturing base in the country and launching gas-based engines. - Cummins Wartsila is a 50:50 joint venture between the US-based Cummins Engine Company and Wartsila NSD Corporation of Finland. Based in France, the joint venture has marketing units in several countries. - Cummins India has also set up a technology centre in Pune. - Cummins India Ltd. (CIL) is a 51 per cent subsidiary of Cummins Engine Co of the US. - The Company produced 7,710 engines and 39 generating sets. Also introduction of three engines namely NT/NTA 855 Big Cam, KTA 38 and QSK 60. 1999 - Cummins India (CIL) is one of the best MNC-affiliated engineering companies in India. - Cummins India (CIL) was set up in 1962 (formerly Kirloskar Cummins Ltd.) Jointly by Cummins Engine Co. Inc., US (CEC), and Kirloskar Oil Engines Ltd. (KOEL). - Cummins India, a joint venture with Cummins Engines Co. USA, is a major manufacturer of diesel engines with a wide range of engines in diesel, gas and dual fuel modes. - The company has also entered into a 50:50 joint venture with Nelson Industries Inc, US to manufacture silencers, mufflers and tubing for emission control. This project is being put up at Daman. - Cummins India, a 51 per cent subsidiary of Cummins Diesel of US, is the market leader in diesel engines with a overall share of 62 per cent. It manufactures diesel engines in the 60-2700 HP range, and faces intense competition from Hindustan Powerplus, L and T, Ashok Leyland, Kirloskar Oil Engines, Greaves and a few multinationals. - The company has recently introduced "Quantum" services of engines with horse power ranging 1200 to 2500 largely for industrial and power general applications. - The company introduced a concept called `Recon' service and a `float stock' for a quicker solution to the engine users. Under these schemes, the company would rebuild the engine under manufacturing condition with new parts at 60 per cent of the cost of the new engine. 2000 - Cummins India, has launched e-commerce facility on their web-site www.cummins-india.com. - The Company has introduced the `S series' engines with a 4-cylinder 3.8 litre capacity simple lightweight and compact diesel genset in the 30 to 62.5 kva range. - Cummins India Ltd has collaborated with Tata Engineering to make forays into the lower end of the diesel engine market. - The Board co-opted Mr. J.K. Edwards and Mr. I.M. Barrowman as Additional Directors and appointed Mr. Y.S. Joshi as an Alternate Director to Mr. M.A. Levett effective from 21st June. - Cumminds Infotech, a 100 per cent subsidiary of Cummins India, to give majority stake in the company to its US parent Cummins Engine Company. - Cummins India Ltd has floated Cummins Infotech Ltd to provide e-business and enterprise resource planning solutions for Cummins worldwide. - The Company is all set to foray into the lower-end diesel generator set market targeting the burgeoning demand from domestic users. - The Company has set up a new 100 per cent subsidiary, Cummins Power Solutions India to drive the changes being effected at Cummins India Limited and its subsidiaries. - Cummins India Ltd., the diesel engines major has appointed Mr. Pradeep Bhargava as managing director Cummins Power Solutions and Chief Executive of their power generation business. 2001 - Cummins India, the power solutions company and largest manufacturer of diesel engines, has introduced a new range of world class product and service offerings including branded gensets. - Mr. R.L. Moore has stepped down as Director of the company with effect from March 15. 2002 - The Board of Directors of Cummins India Ltd have proposed to sell, lease or otherwise dispose of the undertaking of the Company, viz. Plant II. -Cummins India, the 51 per cent subsidiary of the US-based Cummins Inc, has decided to merge two of its profit-making subsidiaries Cummins Power Solutions and Power Systems India with itself with effect from April 1. -Vinod Dasari co-opted as an Additional Director of Cummins India. -Cummins India Ltd has informed BSE that it has acquired 8,10,000 equity shares of Rs 10/- each fully paid (40.5%) in the shares capital of CG Newage Electrical Ltd Ahmednagar (CGNEL) from Crompton Greaves Ltd (38%) and Janpath Investments & Holdings Ltd (2.5%). 2003 -Cummins aligns its operations closer to those of the US parent Cummins Inc. -Cummins India has implemented Six sigma to reduce the defect and maximise the quality of its business processes. -Cummins India Ltd has announced voluntary retirement scheme for its Associates, Officers and Mangers. -Mr.Jim Rugg has resigned for the Director of the company. -The Board of Directors of Cummins India Ltd have appointed Mr.Vinod Dasari and Mr.Ananth Talaulicar as Joine Managing Directors of the company. -Cummins India mandated a policy according to which every department in the company must have atleast one woman employee. -Dr. John Wall, chief Technical Officer, Cummins Inc., USA, has joined the board as an Additional Director. Mr. J. M. Barrowman, Mr. S.D. Hires and Mr. Peter McDowell have step down as directors of the company effective October 28, 2003, however Mr. J. M. Barrowman and Mr. S.D. Hires will be alternate directors to Mr. M.A. Levett and Dr. John Wall respectively. -Ms. Matangi Gowrishankar, Vice President HR and Organisation Effectiveness has resigned from the services of the company effective December 02, 2003. Consequently, Ms. Gowrishankar has ceased to be Compliance Officer of the company. However, Mr. Madan Godse, Vice President Legal and Company Secretary continues to be Compliance Officer of the Company. -Cummins tie up with Satyam to hasten operations at CRTI 2004 -Cummins unveils emission compliant N14 series of engines in India -Cummins India Ltd has informed that the equity shares of the company have been delisted from the Pune Stock Exchange wef January 16, 2004. -Ties up with Cummins Westport Inc, Canada (CWI) for transfer the technology to the company for manufacture of new Engine Platform called B Gas International (BGI) in the range of 145 to 230 HP. -Appoints Anant Talaulicar as the managing director of Cummins India Area Business Organisation (ABO). Mr Talaulicar will lead 11 Cummins companies in India, including Cummins India, Cummins Diesel Sales and Service (CDSS), Tata-Cummins, Valvoline India Fleetguard and the newly-opened Cummins Research and Technology Institute. -Cummins India Ltd has elected Mr Anant Talaulicar, Joint Managing Director of the Company as Chairman of the Board of Directors. -Diesel Engine and power major Cummins India has appointed Mr Rajiv Batra as Chief Financial Officer. Mr Batra will oversee the finance function at Cummins India Ltd and the eleven entities of the Cummins Group in India 2005 -Cummins to launch B series of diesel engines -Cummins successfully Concludes Wage Settlement Management And Union Welcome Building A Partnership For Success. -Cummins successfully Concludes Wage Settlement Management And Union Welcome Building A Partnership For Success. -Cummins adds Generator Starting System to its range of products. 2006 - Cummins expands joint venture in India to boost engine production. -Cummins Power Generation introduces the "Power Box" concept in its Rental Business. -Cummins India joins hand with IISc for biomass-based power systems 2007 -Wins highest recognition by receiving the award in the Corporate Image Leadership category, besides winning awards in four other categories -Cummins India and IISc win CII's Innovative Energy Saving Product Award at the National Award for Excellence in Energy Management 2007 2008 -Cummins India Ltd has signed a Memorandum of Understanding (MOU) with Government of Maharashtra on March 15, 2008, wherein the State of Maharashtra has offered "Mega Project" incentives to the Company for its proposed expansion Project(s) at Phaltan MIDC (Village Survadi, District Satara). -Cummins India wins CII's National Award for Excellence in Energy Management 2008 -Cummins India Ltd has rolled out three products for the domestic market at the opening of POWER-GEN 2008 exhibition here. The new products include '30/35 kVA low horse power' generator sets 'X series', and a '750 kVA high horse power' generator set in the 'QSK23 series. 2010 - Inauguration of the rural electrification project initiated by Cummins in collaboration with IIT, Bombay and READ Foundation at village Kolha. - Maharshi Karve Stree-Shikshan Samstha and Cummins India Foundation collaborate to launch a women's engineering college in Nagpur. - Cummins conferred with the CII National Award for 'Excellence in Energy Management 2010'. - Cummins wins again the 'Voice of the Customer' Awards from Frost & Sullivan in Five Categories. 2011 - Has allotted 79,200,000 Bonus Equity Shares of 2/- each in ratio of 2:5 i.e. 2 Bonus Equity Shares for every 5 existing Equity Shares held to the eligible Members. - Padarwadi village near Pune gets electrified through effective utilization of renewable sources for power generation. - Cummins inaugurates its fourth facility at the Megasite at Phaltan. - Cummins donates engines to over 60 ITIs across Maharashtra. 2012 - Cummins donates a generator set to the Horticulture College in Phaltan. - Tata Cummins Limited Wins Greentech Environment Award 2012. 2013 -Cummins was again named one of the World's Most Ethical Companies by the Ethisphere Institute in 2013. -For the eighth consecutive year, Cummins was awarded a perfect score in the 2013 Corporate Equality Index by the Human Rights Campaign. -Cummins India announces its Power Generation product line. -Cummins Opens Plant for High Horsepower Engines at Phaltan. -Cummins Opens Phaltan Midrange Upfit Cente Phaltan. -2014 -Tata Cummins Limited (TCL) opens its third manufacturing facility in Phaltan. -Cummins declared an interim dividend of Rs. 5/- per equity share on 277,200,000 equity shares of Rs. 2/- each for the Financial Year 2014-15. 2015 -Cummins India Ltd has completed acquisition of remaining 50 per cent stake in Cummins Svam Sales & Service Pvt Ltd (Cummins Svam). 2016 -HEC, Cummins sign MoU to manufacture specialised engines 2017 - Cummins Engines power Tata PRIMA Trucks at T1 Racing Championship 2017

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