Incorporated in 1988, Sangam Aluminium Ltd is lead by T Willington as Chairman, manufactures Aluminium Extrusions. SAL`s factory is situated at Dharmapuri District of Tamil Nadu with an installed capacity of 7000.000 MT. During 1996-97, the management of the company has been taken over by the Century Extrusions Ltd group (CEL Group) headed by M P Jhunjhunwala. The erstwhile promoters Arun K Malpani and his family members have sold their entire holding to the CEL group. The joint promoter of the company, TIDCO who holds 26% of the equity capital, continue to remain as promoters of the company. The company has been referred by the BIFR due to accumulated losses.