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Roplas India Ltd.

BSE: 509854 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Roplas India Ltd. (ROPLASINDIA) - Company History

Promoted by Mahindra & Mahindra, Roplas India manufactures fibreglass re-inforced plastics. It is a professionally managed company. Roplas manufactures 475 tpa fibreglass re-inforced plastic items and 70 tpa of sheet moulding compound (SMC) and dough moulding compound (DMC) items at its plant at Pune, Maharashtra. It caters mainly to the increasing demands of jeep bodies. In 1985-86, the company collaborated with SICOM to set up a joint venture -- Siro Plast, to manufacture SMC and DMC. Siro Plast has a technical collaboration with Menzolit, Germany. In 1994-95, the company imported resin transfer moulding (RTM) technology from a firm in the UK, to improve the quality and finish of the components manufactured by it. Rate of production is also expected to become two to three times faster depending upon the size of the components. During Feb and Mar 1998 company commenced despatches of a few automobile components produced by resin transfer moulding process (RTM) out of the moulds imported from a european company. During the first half of year 1999-2000, the company incurred huge losses and it felt the company would face a grave situation if the trend was not reversed. The company based on legal advice received made an application to The Commissioner of Labour, Maharashtra State, Mumbai, for closure of the Company's manufacturing operations at the factory at Pimpri and as a consequence thereto, to close all its Regional, Branch offices in India. The Commissioner of Labour refused to grant permission to the Company to close its manufacturing operations. The Company filed a review application with the commissioner on 28th March, 2000. The Government of Maharashtra, has since referred the company's application to the Industrial Tribunal, Pune for adjudication. The Company offered a Voluntary Retirement Scheme for its worker which was accepted by the entire workforce.