|₹33.5 / ₹17.3|
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?
Murudeshwar Ceramics (MCL) was promoted in 1983 by R N Shetty and Associates along with the KSIIDC to manufacture 12,500 tpa of glazed ceramic tiles, using the single-firing process, at Krishnapur (near Hubli), Karnataka. MCL sourced the technical know-how for the project from Sacmi Imola, (SACMI), Italy, which also supplied the plant and machinery for the project. To part-finance this Rs 13. 45-cr project, it entered the capital market in Jan. '88 with a public issue of Rs 1. 65 cr. It started commercial production on 1 May '88 without any time or cost overrun. In view of the satisfactory performance, the company expanded the production capacity in 1989-90 to 25,000 tpa, by installing balancing equipment.