A+| A| A-

SUPREME INDUSTRIES-New Projects

During the year, transfer of the remaining fixed assets of moped division for Rs 886 lakh to TVS-Suzuki was completed. The company has obtained approval from the government under MRTP Act for investing up to Rs 544 lakh in the share capital of TVS Whirlpool (TWL). The company has acquired the entire existing equity share capital of TWk, thereby making it a wholly owned subsidiary and a deemed public company under Section 43 A of the Companies Act. TWL is in the process of implementing its project for the manufacture of refrigerators, industrial laundering, washing, cooking, dispensing and disposing systems and is expected to commence production early next year. It is expected to issue shares to the public before end of 1989. Negotiations are under way with. Ansaldo Trasporti of Italy for the implementation of the letter of intent granted for the introduction of micro-processor-based signal and train controlling systems through a new joint venture.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

JINDAL VIJAYNAGAR STEEL Sustained Growth Jindal Vijaynagar Steel (JVSL), an O P Jindal group company, is the third largest integrated steel...

JINDAL STAINLESS Stainless Steel Major Jindal Stainless (JSL), a flagship company of the O P Jindal Group, was incorporated in 1970. It is India...

BAJAJ AUTO Pulsating Growth Bajaj Auto (BAL), incorporated in 1960, is the world

TVS MOTOR COMPANY Facing Tough Competition TVS Motor Company, a flagship company of the TVS Group, is India

MARUTI UDYOG Smooth Drive Maruti Udyog (MUL), a joint venture between the government of India (GoI) and Suzuki Motors, Japan, is India

HINDALCO INDUSTRIES Mixed Results Hindalco Industries, the flagship company of the Aditya Birla Group, is one of the lowest cost producers of...

SHIPPING CORPORATION OF INDIA Slow Sailing The Shipping Corporation of India (SCI) was established in 1961 by the amalgamation of Eastern...

INFOSYS TECHNOLOGIES At the Pinnacle Infosys is one of India

WIPRO LTD In Full Swing Wipro holds a prominent position in the world market for information technology (IT) services. It offers software...

Back to Top