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Machino Plastics Ltd.

BSE: 523248 Sector: Industrials
NSE: N.A. ISIN Code: INE082B01018
BSE 15:40 | 19 Jan 272.70 5.20
(1.94%)
OPEN

279.50

HIGH

279.50

LOW

270.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 279.50
PREVIOUS CLOSE 267.50
VOLUME 1260
52-Week high 341.75
52-Week low 200.00
P/E
Mkt Cap.(Rs cr) 167
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 279.50
CLOSE 267.50
VOLUME 1260
52-Week high 341.75
52-Week low 200.00
P/E
Mkt Cap.(Rs cr) 167
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Machino Plastics Ltd. (MACHINOPLASTICS) - Company History

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.