faqs.org » Abstracts Index » Abstracts » Business, international

NAMTECH ELECTRONIC DEVICES LIMITED

Article Abstract:

Namtech Electronic Devices Limited, Koramangala, Bangalore, has announced its audited financial results for the year ended March 31, 1998. The company has received bulk orders for the supply of electronic energy meters. In the first three months of 1998-99, the company received bulk orders for the supply of ceramic gas discharge tubes. (gs) ------------------------------------------------------------ Namtech Electronic Devices Limited: Audited Financial Results (Rs in lakh) --------------------------------------------------------------- Particulars 1997-98 1996-97 ---------------------------------------------------------------- Gross Sales 1,816.36 1,335.16 ---------------------------------------------------------------- Other Income 26.63 12.33 ---------------------------------------------------------------- Total Expenditure 1,399.81 933.73 ---------------------------------------------------------------- Interest 201.97 215.24 ---------------------------------------------------------------- Gross Profit after interest 241.21 198.52 before depreciation and tax ---------------------------------------------------------------- Depreciation 96.53 92.45 ---------------------------------------------------------------- Provision for tax 7.30 4.00 ---------------------------------------------------------------- Net Profit 137.38 102.07 ---------------------------------------------------------------- Paid-up Equity share capital 1,224.59 1,224.59 ---------------------------------------------------------------- Reserves excluding Revaluation Reserves 944.23 822.08 ----------------------------------------------------------------

Comment:

Posts increase in net profit to Rs137.38 lakh for year ended 3/31/98 vs net profit of Rs102.07 lakh in 1996-97

Sales, profits & dividends, Namtech Electronic Devices Ltd.

---

GE, INDIA METERS INK LICENSING PACT

Article Abstract:

India Meters Ltd (IML) of Chennai has entered into a patent and technology license agreement with General Electric (GE) of the US to upgrade the production of electro-mechanical meters at its Chennai unit. The agreement will enable IML to provide domestic electricity boards and private utilities with GE's range of electro-mechanical meters which will vastly improve measurement and billing accuracy. IML is to invest Rs10 crore for setting up the facility for the new range of upgraded meters. The new facility is expected to be ready in 18 months. (khr)

Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Alliances, partnerships, General Electric Co., GE, India Meters Ltd

---

IML PLANS TIE-UP WITH US MAJOR

Article Abstract:

India Meters Ltd (IML) is negotiating with a company in the US to upgrade its facility at Ambattur. IML makes electrical energy meters. It proposes to invest Rs8 crore to Rs9 crore for the upgradation. It has posted a net profit of Rs2.6 crore in 1997- 98. Its equity and reserve amount to Rs22 crore. It plans to increase the existing capacity of one million metres per annum. (rk)

Comment:

Is negotiating with a company in the US to upgrade its facility at Ambattur, will invest Rs8 crore in the project

Capital expenditures, India Meters Ltd.

Some parts © 2012 Advameg, Inc.