|₹0.25 / ₹0
Incorporated in 1990 as a private limited company, Solid Carbide Tools was promoted by M M Kothari (a member of the Bombay Stock Exchange) and S K Nag. It was converted into a public limited company on 18 Feb. '93. It is a 100% EOU manufacturing industrial rotary cutting tools, circuit board routers and circuit board drills with a capacity of 5,04,000 units pa. at its plant at Rabale on the Thane-Belapur road, New Bombay. The technical know-how has been provided by Quality Carbide Tools Corporation, US, with whom it signed an MoU on 28 Jan. '93, valid for 5 years and subject to renewal thereafter. For the past few years, the company has been making profits and paying dividends to its shareholders.