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What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Incorporated as a private limited company and converted into a public limited company in Nov. '85, Nagpur Engineering Company (NECO), the flagship of the NECO group, was promoted by Basant Lall Shaw and Arvind Kumar Jayaswal. Company is lead by Basant Lall Shaw as chairman and Arbind Jayaswal as managing director. Commercial operations commenced in 1976 to manufacture cast iron pipes and fittings by setting up the first foundry at Nagpur. It specialised in the manufacture of grey iron castings for railway tracks such as sleepers, brake blocks, bearing plates and municipal/public works castings such as soil/rain water pipes and fittings, manhole covers, etc. In 1987, the second foundry unit was established at Bhilai, MP. With a further increase in demand, the third unit was established in Anjore, MP, in 1991. To diversify its activities, NECO purchased a newly erected solvent extraction plant with a crushing capacity of 200 tcd and refining capacity of 25 tpd in Mar.