Power Tanks

Opens on : December 2, 1996

Listing at : Indore, Delhi and Jaipur

Lead manager : HB Portfolio Leasing

The company is doing sound business and has a healthy order book position.

The good thing about Gwalior Tanks & Vessels (GTVL) is that it is an existing company operating at a capacity utilisation of 110 per cent. Further, it has a ready market for its products. But the bad part is that it will be listed in three stock exchanges and the desired liquidity may not be possible.

With this project, GTVL will set up a second unit of power transformer tanks. The cost of the project is Rs 3.15 crore and is being funded by a term loan of Rs 0.9 crore, internal accruals of Rs 0.25 crore, promoters