Jay Bharat Maruti Ltd share Price

Incorporated on 19 Mar.`87, Jay Bharat Maruthi (JBML) was promoted as a joint venture by Maruti Udyog (MUL) and private promoters namely F C Singhal and S K Arya & associates. The company manufactures sheet metal components, assemblies and sub-assembles. It is a dedicated ancillary to Maruti Udyog. The entire requirement of MUL for specified sheet metal components for existing as well as future models of Maruti is met by JBML. During 1995-96 the company developed various new sheet metal components for the Zen model produced by MUL. The company has started supplying complete muffler assemblies to MUL instead of the components for muffler. During 1996-97, company has increased the installed capacity by 5000 MT. During 1998-99, the company has successfully implemented the ERP Software System BaaN - IV, the system has been live since April, 1999, in the areas of manufacturing, finance and sales & distribution. In 1999-2000, the Company has entered into a joint venture agreement with Nagata Auto Parts Company Limited of Japan for manufacturing of tools and dies. The Company has a equity participation of 15 % in the joint venture. The initial project cost shall be to the tune of Rs. 10 crores. The Project is located at Gurgaon, Haryana and will commence production soon. During 2000-2001 the company has gone into diversification in areas of operations and two wheeler segment.It is also suppling to Yamaha Motor Escorts Limited.The company is also planning to go for expansion of new project namely the fuel neck project and the technical clearance from MUL has also been obtained.For this project the company has entered an technical assistance agreement with M/s Hamamatsu Pipe Co Japan.The total cost is Rs.24 crores and it has been sanctioned by Canara Bank and SBI. The installed capacity Components(Sheet Metal) was increased to 31000 MT.b