Manufacture of Lpg Cylinders Looking for Investment Partner
Listing ID: BB005973
Posted By: Third party
Last Active: 1+ year ago
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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.

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