BPL Display Devices Ltd., incorporated as a public limited company in Nov.'85, as Uptron Colour Picture Tubes (UCPTL), a sick industrial unit referred to the Board for Industrial and Financial Reconstruction (BIFR), was promoted by the UP Electronics Corporation (UPTRON), a wholly-owned undertaking of the UP Government. UCPTL signed a tripartite technical collaboration agreement with Toshiba Corporation and Mitsubishi Corporation (both of Japan) in Jul.'85 for technical know-how, basic design engineering documents, instrumentation and other engineering requirements. All the proprietary equipments were also to be specially manufactured for the plant. The foreign collaborators participate in the company's venture by contributing to the equity capital in Japanese yen equivalent to Rs 6.21 cr. UCPTL came out with a public issue of shares to set up a plant to manufacture colour television picture tubes (inst. cap. : 7,50,000 pa) at its Sahibabad plant in Ghaziabad, UP. In 1999-2000, the company was successfull in its efforts for the localisation of parts. It has started identifying local subsitutes for some of imported components of the CPT's , which have also been approved for safety standards and quality by VDE. During 2001-02 the company entered into technical collaboration with Tosiba Corporation Japan to set up facilities for production of 21" Perfectly Flat picture tubes. The installed capcaity of CPT were increased to 14,00,000 nos as against the previous year of 12,00,000 nos.