|₹164 / ₹70.25|
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?
Machino Plastic (MPL), a joint venture between M D Jindal (31%), Maruti Udyog (15. 5%) and Suzuki Motors, Japan (15. 5%), was set up in 1987 with two injection moulding machines. MPL manufactures bumpers, instrument panels and radiator grills primarily for Maruti. Its principal customer, Maruti Udyog plans to increase its production of cars to 2,75,000 in 1995-96, and to 3,30,000 in 1996-97. As a single source supplier, MPL will meet this increasing demand by adding one more 1600-tonne machine in 1995-96. The company is also setting up a plant for backward integration to manufacture engineering plastics for captive as well as external demand. The capacity of 4000 tpa in the first phase, will be upgraded to 10,000 tpa.