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Mangal Credit & Fincorp Ltd.

BSE: 505850 Sector: Financials
NSE: N.A. ISIN Code: INE545L01039
BSE 00:00 | 03 Aug 60.60 0.15
(0.25%)
OPEN

60.90

HIGH

62.00

LOW

59.50

NSE 05:30 | 01 Jan Mangal Credit & Fincorp Ltd
OPEN 60.90
PREVIOUS CLOSE 60.45
VOLUME 14281
52-Week high 69.00
52-Week low 38.50
P/E 20.47
Mkt Cap.(Rs cr) 117
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 60.90
CLOSE 60.45
VOLUME 14281
52-Week high 69.00
52-Week low 38.50
P/E 20.47
Mkt Cap.(Rs cr) 117
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mangal Credit & Fincorp Ltd. (MANGALCREDIT) - Company History

Tak Machinery and Leasing Ltd manufactures wide range of lifting equipments. The main items manufactured are electric overheaad travelling cranes hoist bucket elevators screw conveyors flat conveyors etc. In addition the company is engaged in structural fabrication work production of gray iron castings & leasing equipment.In 1962-63 the Company entered into a ten-year technical collaboration agreement with Fellows Brothers Ltd. of England for manufacture of electric hoists and chain pulley blacks. Technical Collaboration Agreement was also finalised with Naylor Brothers Ltd. of U.K. for manufacture of conveying equipment and Martonair Ltd. of U.K. for manufacture of air hoists. In 1965-66 a technical collaboration agreement was concluded with Ursvikens Nekanisks Verkstads AB Sweden for the manufacture of press brakesd and another acollaboration agreement with Nuquip Ltd. of U.K. for the manufacture of airline equipment like filters lubricators pressure regulators and automatic drain valves. In 1973-74 Government approved the collaboration agreement entered into by the Company with Fellows Stringer Ltd. England for the manufacture of flameproof electric hoists. In order to meet the needs of the expansion a new plant was being set up at Vatwa near Ahmedabad. The cost of the plant was estimated at Rs. 40 lakhs. This factory was completed during 1974-75.

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