A Glimpse inside a Massive Silver Refiner in India and Their Volume of Silver Hedging
A Glimpse inside a Massive Silver Refiner in India and Their Volume of Silver Hedging
India's Modison Limited: Silver Electrical Contacts in Aerospace, Defense, Utilities, Railways, Automotive, Marine, Industrial Motors, and Life Sciences.
Modison Limited is an Indian company with a rich history in the electrical contacts and materials industry. Here are the key details about MODISON
Founding and Early Years
Modison was founded by Mr. G. L. Modi in 1975.
The company's first manufacturing facility was established in Mumbai (formerly Bombay), focusing initially on silver refining.
Modison played a significant role in establishing the '999' Good Delivery Silver Bars status in India for bullion trading.
Expansion into Electrical Contacts
Within two years of starting silver refining, the company expanded into manufacturing electrical contacts and contact materials for the switchgear industry.
This expansion included the production of:
Silver and silver alloy wires
Plates
Strips
Solid and bimetal contacts
Technical Collaboration
In 1983, recognizing the need for technical expertise and R&D support, Modison entered into a technical collaboration with DODUCO KG, a leading manufacturer of contact materials based in Pforzheim, Germany.
This partnership lasted until 1996 and was instrumental in helping Modison develop high-tech products that were previously imported by the Indian switchgear industry.
Current Focus and Vision
Modison's current vision is to become a one-stop solution provider in India for electrical contacts in the switchgear industry.
The company aims to manufacture a comprehensive range of products within this sector.
Modison and Hedging
You can view Modison’s Hedging of Silver here:
https://www.modisonltd.com/uploads/investor-relations/modison_limited_annual_report_2022-23-578.pdf
India Imports 45.4 Million Oz. of Silver in August
Ed Steer: USD$1.316 billion worth of silver or around 45.4 million troy ounces.
This is massive.
represents 20 days of world silver production.
Not just Silver. India Buying up A lot of Gold
