Machino Plastics Ltd Share Price

70.10

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Chairman & Managing Director Sanjiivv Jindall
Nominee A K Tomer
Company Secretary Surya Kant Agrawal
Independent Director Anupam Gupta
Executive Director & CFO Aditya Jindal
Nominee Kazunari Yamaguchi
Addtnl Independent Director Rajiv Kumar Singh
Addtnl Independent Director Sandeep Goel
Addtnl Independent Director Ajit Yadav

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. For this, MPL has entered into a technical collaboration with Himont Incorporated, US.During the year 1999-2000, the company has been chosen for supply of bumpers and dashboards for Wagaon-R, a new model introduced by Maruti Udyog.By choosing the sole supplier of bumpers and dashboards for Wagon-R the company has acquired moulds for these new models on lease from ICICI and SBI leasing.The total value of these moulds is about Rs.32 crores.

REGISTERED OFFICE

Plot No 3,
Maruti Joint Venture Complex,Gurgaon,
Haryana-122015

Tell. : +91-124-2341218/2340806/2347601
Website : http://www.machino.com
Email : sec.legal@machino.com

REGISTRAR OFFICE

3E/7 Jhandewalan,
,New Delhi - 110055
INDIA

Tell. : +91-011-4254-1234/235
Website :
Email : rta@alankit.com