Ador draws Gulf route to growth

  • Ador Welding Ltd (AWL), the Rs 300-crore firm engaged in welding products, technologies and services has plans to scale its overseas business by tapping the Gulf, Middle East and African markets.
  • The company which has an installed capacity of 1,07,800 tonnes per annum (tpa) for Arc Welding Electrodes & Continuous Welding Wires and Fluxes is also eyeing oil & gas and infrastructure development sectors.
  • In the last two years, Ador Welding had invested over Rs 45 crore in new technology and production facilities, which are likely to yield results in FY08.
  • According to B&K Research, the Rs 2,000 crore welding industry is expected to generate huge demand with the Indian economy expected to grow between 8-10 per cent and large investments oming up in core sectors like oil & gas, transportation, construction, power and irrigation.
  • HDFC Securities said in a note to clients on September 17, that demand for welding electrodes has remained on growth path, giving rise to sustained rise in production
  • Which is due to current and mid-term focus on construction and infrastructure.
  • This will help the domestic welding market size to be about Rs 2,500 core by 2010.

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