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BSE Announcements on Mah and Mah
Posted by :
MMB MessengerMahindra & Mahindra Ltd has informed BSE that the Company has fixed March 30, 2010 as the Record Date for the purpose of ascertaining the list of Shareholders who would be entitled to receive 2 Ordinary (Equity) Shares of the Face Value of Rs. 5 each of the Company in lieu of every One Ordinary (Equity) shares of the Face Value of Rs. 10 held by them. ...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd. had informed the Exchange about passing of Resolutions by the Shareholders of the Company for the sub-division of each Equity Share of the Company of the face value of Rs.10 fully paid-up into 2 Equity Shares of the face value of Rs.5 each fully paid-up and the consequential amendments to the Memorandum and Articles of Association of the Company by means of a Postal Ballot. The Company has now informed the Exchange that, the Company has fixed March 30, 2010 as the Record Date for the purpose of ascertaining the list of Shareholders who would be entitled to receive 2 Ordinary (Equity) Shares of the Face Value of Rs.5 each of the Company in lieu of every One Ordinary (Equity) shares of the Face Value of Rs. 10 held by them....
BSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd has informed BSE regarding a Press Release titled "Mahindra inaugurates its future-ready auto manufacturing plant at Chakan in Maharashtra" ...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd. has submitted to the Exchange results of postal ballot on the resolutions as proposed in the Notice dated February 05, 2010. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Mah and Mah
Posted by : MMB Messenger
Mahindra & Mahindra Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority:
1. Ordinary Resolution to sub-divide each of the Ordinary (Equity) Share of the face value of Rs. 10 each into 2 Ordinary (Equity) Shares of the face value of Rs. 5 each.
2. Ordinary Resolution to amend Clause 5 of the Memorandum of Association of the Company.
3. Special Resolution to amend Clause 3 of the Articles of Association of the Company. ...
Investment worth Rs 5000 cr
Posted by : rvk41
Twenty-two months after work on it began, Mahindra Chakan, a greenfield facility set up by automaker Mahindra and Mahindra Ltd (M&M) at Chakan, was inaugurated today by the Maharashtra Chief Minister, Mr Ashok Chavan.
The plant is where the company will make its new portfolio of pick-ups, a still-to-be-launched SUV (sports utility vehicle) and its range of medium and heavy trucks made under its association with Navistar Inc, US.
Production of the pick-up Maxximo began last month, while that for the trucks will start next month. The total investment in the first phase of the venture will be Rs 5,000 crore, making this the largest single investment in the Indian auto sector.
Half of this has already been made, while the remaining will be invested over the next 18 months, Dr Pawan Goenka, President, Automotive Sector, M&M said.
Eco-friendly unit
Built as a green facility, the highlight here is the use of a cluster of 70 solar dishes that will tap the sun`s energy for eventual use in the chillers in the paint shop. This will reduce the consumption of LPG by 1,500 tonnes and that of electricity by 1.8 lakh units a year, and lower carbon dioxide emissions by 3,500 tonnes at full volume.
“This will be amongst the most eco-friendly auto plants in the world,” Mr Anand Mahindra, Vice-Chairman and Managing Director, Mahindra Group, said.
Built on 700 acres, Mahindra Chakan will have an installed capacity of producing 300,000 vehicles, including 50,000 trucks, a year. “We will manufacture all new products here, including the range that will be exported to the US,” Dr Goenka said.
The new SUV will have significant exports, he said, adding that the company expected to reach full capacity utilisation over the next three or four years.
In addition to paint shops, press shops and body shops, M&M Chakan has an engine plant that can manufacture 1,20,000 engines for utility vehicles and 40,000 engines for trucks.
The company has also allocated 71 acres for a vendor park. Six large suppliers have already set up base with place for another four. Mahindra Chakan has around 1,400 employees at present. At full capacity, it will provide 5,000 direct jobs and five times as many indirect jobs, Dr Goenka said
For information,with regards
rvk41...
bankinglicense in news
Posted by : bagrammah and mah to obtain banking licence for nbfc subsidiaries(mah and mah financial services)...
Revised Tgt 1360
Posted by :
drkishorehadalHello investors, Good news.. Hemen Kapadia has told on moneycontrol that tractor sales up and revised tgt is 1360.....I had made a call of 1200 when M&M was 1067...Now it has gone up to 1125........
share value
Posted by : Guestcan anyone tell me what is the value of 50 shares taken in 1984 of allwyn nissan ltd...
share value
Posted by : Guestcan anyone tell me what is the value of 50 shares taken in 1984 of allwyn nissan ltd...
at resistance levels
Posted by : manasi99
after the run up post budget the automobile industry looks for a pause and dip by 2 to 3 percent.
they may be shorted and bot at lower levels again.
kishore......
Agri Tractors TGt 1200
Posted by : drkishorehadalAll are worried only abt increase in 2% excise duty in budget for the automobiles. The rise of 2% is less than what was anticipated and thus a positive for M&M. Nobody seems to pay attention to the fact that lot of rural impetus has been given in the budget which will benefit M&M immensely . M&M are worlds largest tractor manufacturers and also their agri equipment will more than triple this year. They also ahve tie up with Hitachi for agri power equipments. Easily a gr8 stock with good management. Expect 1200 within a month....
M&M February Total sales up
Posted by : pms.swastika
M&M February Total sales up
M&M February Total sales up at 27900 Units v/s 20000 Units (YoY) (+40%)
Swastika PMS
07313049187...
Caution
Posted by : jaggihsIt is likely to afce prblems in Logan Agreement which it wats to get out of. It also is likely to face the brunt of excise duty hike in passenger car segment as it has only Scorpio and Xylo which are SUV category and so will probably get max duty hike....
split date
Posted by :
meet1234which is is the split date.any tell me....
