Setco Automotive Ltd - SETCO AUTOMOTIVE Share Price

Summary

Incorporated in 1982,Gujarat Setco Clutch (GSCL) produces clutch driven plate and clutch cover assemblies. The company has also appraised investors of the fact that operational constraints, difficulty in input inflow and power shortage together affected the continuity in the level of production during the first six months of 1995-96. However, the Board is confident that with the necessary corrective measures being taken, the performance in the remaining period would be at an accelerated rate.During 1996-97, it has increased its Clutch Driven Plates Capacity by 102500 Nos and Clutch Cover Assembly by 75000 Nos.The company has become sick and the rehabilitation proposal submitted by the operating agency for approval to the Board of Industrial & Financial Reconstruction, in the year 1999-2000.The indian auto market and especially the segment which the company caters has underwent a metamorphos change towards meeting global standards particularly in the area of euro norms,higher load carrying capacity for better economies. In order to match the pace of the market needs,the company has entered into a Technical Collaboration with Lipe Clutch Division of M/s Dana Corporation,one of the best clutch technology people known worldwide. The production under the collaboration arrangement having commenced in March 2001.During the year 2000-01,the company has expanded the installed capacity of Clutch Driven Plate by 80000 nos taking the tally from 230000 to 310000.The company has also... Read More