You are here » Home » Companies » Company Overview » Machino Plastics Ltd

Machino Plastics Ltd.

BSE: 523248 Sector: Industrials
NSE: N.A. ISIN Code: INE082B01018
BSE 00:00 | 22 Sep 54.30 -2.20
(-3.89%)
OPEN

59.30

HIGH

59.30

LOW

53.70

NSE 05:30 | 01 Jan Machino Plastics Ltd
OPEN 59.30
PREVIOUS CLOSE 56.50
VOLUME 2125
52-Week high 81.80
52-Week low 41.80
P/E
Mkt Cap.(Rs cr) 33
Buy Price 53.70
Buy Qty 17.00
Sell Price 53.70
Sell Qty 358.00
OPEN 59.30
CLOSE 56.50
VOLUME 2125
52-Week high 81.80
52-Week low 41.80
P/E
Mkt Cap.(Rs cr) 33
Buy Price 53.70
Buy Qty 17.00
Sell Price 53.70
Sell Qty 358.00

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.

.