Home MarketCummins India Ltd.

Cummins India Ltd. Stock Info: As on 2017-09-20 15:59:59

Nse

926.95

-6.45(-0.69%)
Change%
52 Week Range
747.55
23.00
1,096.80
3.00
Open933.40
Day's Range840.06 - 1,026.74
Value Traded (in ₹ Cr.) 14.17

Bse

924.50

-8.40(-0.90%)
Change %
52 Week Range
747.75
24.00
1,096.20
3.00
Open931.50
Day's Range839.61 - 1,026.19
Value Traded (in ₹ Cr.) 0.71

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 141,372,000.00 51.00%
IndianPromoters 683.00 0.00%
Mutual Funds/UTI 37,734,175.00 13.61%
FII 39,592,725.00 14.28%
Employee 0.00 0.00%
Public 26,032,262.00 9.39%
Government 602,986.00 0.22%
Others 10,474,060.00 3.78%
More

Key Statistics

Valuation Measures
Market Cap / Sales Ratio 4.94
Basic EPS (Rs.) 27.12
Cash EPS 30.05
BVPerShare Excl 114.40
Operating Revenue 170.43
PBDITPerShare 35.65
Dividend 14.00
NPPerShare 27.12
Current Ratio 1.94
Quick Ratio 1.43
PriceToBV 7.36
Earnings 0.03
PBDIT Margin 20.91
PBT Margin 19.18
NP Margin 15.91
Return On Assets 16.42
Retention Ratios 48.38
Parameter Mar-16 (₹ Cr.) Yoy%change
Total Income 4,952.16
Total Expenses 4,045.74
EBITDA 988.29
PBT 906.42
PAT 751.85
Net Income 751.85
More
Parameter Mar-16 (₹ Cr.) 6M % change
Total Income 2,320.11
Total Expenses 1,911.23
EBITDA 368.16
PBT 408.45
PAT 342.50
Net Income 0.00
More
Total Assets
Total Assets
Parameter Mar-16 (₹ Cr.) Yoy%change
Total share capital 55.44
Net worth 3,171.29
Investments 335.44
Total Liability 4,576.78
Total debt 0.00
Net block 1,808.60
Total Assets 4,576.78
Parameter Sep-16 (₹ 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.

138.5 140.85 -1.67
137.9146.15

Kirloskar Industries Ltd.

1617.55 1600.55 1.06
15231636.7

Kirloskar Oil Engines Ltd.

360.4 360.1 0.08
352.5366.95

Swaraj Engines Ltd.

2037.35 2032.55 0.24
2011.22139.5
Company Curr Price Prev. Close Change% W's Low/High

Greaves Cotton Ltd.

138.4 141.1 -1.91
137.9146.1

Kirloskar Industries Ltd.

1600 1611.6 -0.72
1531.051623.95

Kirloskar Oil Engines Ltd.

369.8 364.25 1.52
353369.8

Swaraj Engines Ltd.

2031 2029.95 0.05
2020.42133.4
More
Parameter Mar-16(in ₹ Cr.)
Cash from operating activities 655.56
Cash from investing activities -177.95
Cash from financing activities -467.94
Net change in cash 9.67

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
Axis Long Term Equity Fund 2.81%
Reliance Equity Opportunities Fund 3.06%
Aditya Birla Sun Life Frontline Equity Fund 0.95%
Franklin India Prima Plus 1.37%
HDFC Mid-Cap Opportunities Fund - Regular Plan 0.82%
Franklin India Bluechip Fund - Growth 1.48%

NBCC to launch 1,000 flats for sale during festival

State-owned construction firm NBCC will launch about 1,000 flats for sale in this festival season and is in discussion with the government to develop affordable housing projects on surplus land with PSUs. The company is also in talks with the government for developing islands in Andaman and Nicobar and Lakshadweep, its Chairman and Managing Director Anoop Kumar Mittal said. We have been appointed as land management agency for the surplus land with sick PSUs. We are in close discussion with the government to develop affordable housing projects on some of the land parcels, he told reporters. On developing island, Mittal said the company has experience in developing islands in Maldives and expects to bag similar projects in India. We will be launching 1,000 flats as well as commercial area across the country including Delhi-NCR in this festival. The flats will be in the price range of Rs 15 lakh to Rs 1 crore, he said. Asked about taking over stressed projects of Jaypee Infratech and Amrapali, he said the company has not received any offer from any stakeholder including buyers, builders or the government. However, he said the company would certainly consider if there is any opportunity, provided projects should be viable and not bring bad name to the NBCC. On land purchase from Air India, Mittal said the company had signed an MoU with Air India for monetisation of surplus land assets of the national carrier, but there has not been much progress. However, the CMD said that the company has recently bought a land parcel from Air India in Mauritius for Rs 3 crore. Two years back, it had bought another land parcel from Air India in Coimbatore for Rs 25 crore. Mittal said two land parcels in Vasant Vihar and Baba Kharag Singh Marg in Delhi were given on lease to Air India by the government and the same is being returned to the Ministry of Housing and Urban Affairs. The company could develop projects on these two land parcels, he added. Mittal said the company has an order book of Rs 75,000 crore and the same is likely to touch Rs 1 lakh crore in the next few months. The company has an order book of Rs 700 crore from overseas. On developing railway stations, he said the company has bagged 10 projects and would like to develop at least 4-5 projects before acquiring more such projects from the Railway Ministry. Among major projects, NBCC has bagged over Rs 2,000 crore project to develop integrated exhibition-cum-convention centre for ITPO at Pragati Maidan. NBCC, which is under the administrative control of Ministry of Housing and Urban Affairs, is present in three main segments - Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.

20-09-2017 17:10

NTPC wins Bhubaneswar round of Tata Crucible Corporate Quiz

National Thermal Power Corporation Ltd has emerged the winner of the Bhubaneswar regional round of Tata Crucible Corporate Quiz, 2017. Around 50 teams from prominent corporate houses across the state capital participated in the quiz, which will traverse 25 cities in India, a Tata Group release said. Chandan Shahi and Sujit Varkey of NTPC will compete with winning teams from five cities in the zonal finals. Soubhagya Jena and Gursheel Singh Sahni from Reckitt Benckiser were declared as the runners-up. Suresh G Menon, vice-president and general manager - Tata Consultancy Services Ltd (Eastern Region), yesterday felicitated the winners, who were awarded Rs 75,000, while the runners-up took home a prize money of Rs 35,000. The Tata Crucible Corporate Quiz, 2017 format is based on the concept of 'Real-Time Strategy', involving different rounds, with decision-making and strategy being the key to win the title, the release said. The national winners will get a prize money of Rs 5 lakh, along with the Tata Crucible Trophy, it added.

20-09-2017 15:31

Unichem Lab gets USFDA nod for Ibesartan, Hydrochlorothiazide Tablets

Drug major Unichem Laboratories on Wednesday said it has received ANDA approval from the USFDA for Ibesartan and Hydrochlorothiazide Tablets USP, 150mg/12.5mg and 300 mg/12.5 mg which are therapeutically equivalent to Avalide tablets 150 mg/12.5 mg and 300mg/12.5 mg of Sanofi – Aventis US LLC. “Ibesartan and Hydrochlorothiazide is a combination of Ibesartan, an angiotensin II receptor antagonist and Hydrochlorothiazide, a thiazide diuretic. The product is indicated for hypertension in patients likely to need multiple drugs to achieve their blood pressure goals,” said Unichem Laboratories in a filing to the Bombay Stock Exchange. The product will be commercialised from Unichem’s Ghaziabad plant. API will also be made at Pithampura/Roha API plants, it added. Meanwhile, shares of company were trading at Rs 245 apiece, down 1.33 per cent, from previous close on the BSE at 15:20 hours.

20-09-2017 15:12

GIPCL bags 75 MW solar power projects from GUVNL

Gujarat Industries Power Company (GIPCL) said that it has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL). “GIPCL has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL) on September 19, 2017 for 500 MW Solar Power Projects, in the State of Gujarat. on September 19, 2017 for 500 MW Solar Power Projects, in the State of Gujarat,” the company said in a filing to the Bombay Stock Exchange. GIPCL is engaged in business of Electrical Power Generation. The company has a vision to transform itself into a national level power sector enterprise. Meanwhile, shares of the company were trading at Rs 142.65 apiece, up 2.55 per cent from the previous close at 14:25 hours on BSE.

20-09-2017 14:22

PGCIL board approves Rs 198.50 cr for Baharampur unit

State-run electric utilities company Power Grid Corporation of India on Wednesday said its board has approved investment worth Rs 198.49 crore for Baharampur (POWERGRID) –Bheramara, Bangladesh. “The POWERGRID boards of directors in their meeting on September 19, 2017, have accorded investment approval for Baharampur (POWERGRID) –Bheramara, Bangladesh 2nd 400kV D/c Transmission Line (Indian Portion) at an estimated cost of Rs 198.49 crore,” Power Grid Corporation of India said in a filing to the Bombay Stock Exchange. The company further said that the commissioning schedule for plant is 24 months from the date of investment approval. Meanwhile, shares of company were trading at Rs 213.6 apiece, down 0.81 per cent, from previous close on the BSE at 14:10 hours.

20-09-2017 13:59

Cummins India Lt - Change in Director(s)

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

06-Sep-2017 02:30 PM

Cummins India Lt - Appointment of Director

Cummins India Limited has informed the Exchange regarding Intimation of Appointment of Additional Director & Alternate Director in the Company.

05-Sep-2017 10:45 AM

Cummins India Lt - Change in Directorate

Cummins India Limited inform regarding appointment of Additional Director

04-Sep-2017 05:52 PM

Cummins India Lt - Press Release

Cummins India Limited Published Quarterly Results

07-Aug-2017 01:47 PM

Cummins India Lt - Change in Director(s)

Cummins India Limited has informed the Exchange regarding Intimation of Change in director of the Company.

05-Aug-2017 01:39 PM

Cummins India Lt - Change in Directorate

Cummins India Limited inform regarding appointment of Additional Director

04-Sep-2017 05:52 PM

Cummins India Lt - Press Release

Cummins India Limited Published Quarterly Results

07-Aug-2017 01:47 PM

Cummins India Lt - Change in Directorate

Cummins India Limited inform regarding change in Directors

05-Aug-2017 08:57 AM

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

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