Permanent Magnets (PML) was incorporated in 1960. It is currently being managed by Shreeram Taparia chairman and Shyam Sunder Taparia managing director. In Jan.'91 the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par aggregating Rs.77.49 lac on a 1:1 basis to finance capital expenditure and meet long-term working capital requirements. PML produces two types of magnets -- cast alloy permanent magnets and hard ferrite magnets. The company exports its products to the US the UK Germany Italy and Egypt. PML was declared sick in 1989-90 but it started making profits since 1990-91.During the year 1999-2000 the Jalgaon plant was closed on account of labour problem.
Permanent Magnets Ltd.
|BSE: 504132||Sector: Engineering|
|NSE: PERMAGNET||ISIN Code: INE418E01018|
|BSE 00:00 | 14 May||265.10||
|NSE 05:30 | 01 Jan||Permanent Magnets Ltd|
|Mkt Cap.(Rs cr)||228|
|Mkt Cap.(Rs cr)||227.99|