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Metal Box India Ltd.

BSE: 504838 Sector: Industrials
NSE: N.A. ISIN Code: INE0BKQ01013
BSE 05:30 | 01 Jan Metal Box India Ltd
NSE 05:30 | 01 Jan Metal Box India Ltd

Metal Box India Ltd. (METALBOXINDIA) - Company History

Metal Box India (MBIL) was originally promoted by MBI UK and incorporated in 1933. Metal Box a metal packaging company was controlled by the B M Khaitan group till 1988 when the British parent Carnau Metal Box offered to sell its 33 % stake. MBIL was declared sick by the Board for Industrial and Financial Reconstruction (BIFR) on 27 May '88. The company scheme of rehabitation of the company was finally sanctioned in June 1996. The sanctioned scheme embodied the shifting of the unviable Worli factory to a non-urban area in the State of Maharashtra. During 2000 rehabilitation scheme by the BIFR-AAIFR has been finally sanctioned along with certain provisions.

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