Ahura Welding Electrode Mfrs. Limited (AWEML) was incorporated on December 31,1963 and obtained a license from the Government for the manufacture of Manual Arc Welding Electrodes. The Company ceased its operations in 1968 without getting into commercial production. The electrodes of the company are marketed under the brand name SUN ARC. The company was promoted by Soli Hataria, A K A Rahaman Sait, K Sunder Raj, G N Venkatapathy and a few others. AWEML was taken over by the
Ahura Welding Electrode Mfrs. Limited (AWEML) was incorporated on December 31,1963 and obtained a license from the Government for the manufacture of Manual Arc Welding Electrodes. The Company ceased its operations in 1968 without getting into commercial production. The electrodes of the company are marketed under the brand name SUN ARC. The company was promoted by Soli Hataria, A K A Rahaman Sait, K Sunder Raj, G N Venkatapathy and a few others. AWEML was taken over by the Surat-based Patel group in 1972. The other group companies are Welding Rods Pvt Ltd, Wonderweld Electrodes Pvt Ltd, Kimura Steels, etc.
In April 95, the company came out with a public issue of 20 lakh equity shares, aggregating Rs. 8 crore, to part-finance its project to manufacture special electrodes (inst. cap.: 1000 tpa), to expand the texturising capacity (by adding three texturising machines with a capacity of 216 spindles each) from 192 spindles to 840 spindles, etc, at a project cost of Rs. 8 crore.
The company ventured into textiles in 1988. The electrodes of the company are marketed under the brand name Sun Arc. Its major clients include BHEL, BEML, L&T and many others. The company exports to Bahrain, Kuwait, Bangladesh and Srilanka. After that the financial performance of the company was severely affected due to workers strike followed by the truckers strike, as a result the Chennai unit ceased operation from January'2000 and thereby reduce overheads of the company.
