ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Greaves Morganite Crucible

already been launched in January of this year. According to the management, the DRS 300 is a state-of-the-art computer and represents absolutely current technology world-wide. Besides, the company plans to introduce the entire product line of communications and net working through high speed 'Open Systems' LAN (local area net working) technology. There are plans for the introduction of the powerful main frame series 39 computer based on the latest 5th generation VLS technology and using the latest fibre optics technology. This main frame system has recently been introduced by ICL (UK) world-wide with great success. The Series 39 supports VML Operating System and 4th generation development tools, the combination of which represents the latest hardware and software and will give the company a leading position in the main frame market. In order to provide working capital for the rapid expansion plans, the company issued non-convertible debentures of Rs 150 lakh on private placement basis with financial institutions. It also issued convertible debentures worth Rs 364 lakh to Indian resident shareholders on 'rights' basis.

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