Incepted in the year 1959, it is one of the oldest engine valve manufacturers[1] that caters in the auto industry.

The company was all ready to set up an Export-oriented unit (EOU) near Visakhapatnam,[8] but the plan was dropped later.

It started with a technical collaboration with Farnborough Engineering Company Ltd. that lasted for over a decade till 1973.

In the year 1973, the company entered into a technical collaboration agreement with Kar Valves Ltd. (formerly Cochin State Power & Light Corpn.

Ltd.), for the export of technical know-how and assistance for the manufacture of valves for internal combustion engines.

The reverse merger, effective from FY99 is expected to benefit the new entity, reducing its tax liability, because of the carry forward losses of ECL.