Manufacture of Lpg Cylinders Looking for Investment Partner

Available on Introduction
Listing IDBB005973 Ticket Size10-25 Crore Last Year TurnoverINR 10.17 Crore Verification Status Pending
  • Manufacture of Lpg Cylinders Looking for Investment Partner

Business Details

The company was established in 1982. The Company is engaged in the manufacture of New LPG Cylinders and repairs of Old LPG Cylinders. The unit is in Coimbatore. Plant capacity is 650,000 new cylinders p.a. and repairs of 450,000 old cylinders p.a. Customers are IIOC, BPCL, and HPCL. Due to severe power cuts during 2011-15, production was hampered which led to failure in timely execution of customer orders attracting severe liquidated damages. Since then, on account of paucity of funds, the company is running only partial operations. Now the Promoter is seeking Rs 15 Cr investment from prospective investors to bring the company back into full operations.

Last Years Gross ProfitINR 38700000 EBITDAINR 41500000
Total Views609 Last Active2+ months ago
IndustryPetroleum, Coal & Mining LocationChennai
Entity typePrivate Limited Started in 1982
Transaction TypeAll Options Employees101-200
ReasonPlease refer Abstraact
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