Nagpur Power & Industries Ltd
Nagpur Power & Industries Ltd Company History
Nagpur Power & Industries the mainly operates on Metal Recovery Plant and produces Low Ferro Manganese (Slag) through its profitable slag recovery process. However, there is no more re-usable waste of fine particles remaining in the manganese slag which was dumped at various places at the factory site which can be recovered. The technical consultants are of the same view that the entire stock has been depleted now and hence the company has disposed off the manganese slag recovery plant and closed the metal recovery operations.
2007
The Company acquired equity shares of Motwane Manufacturing Co. Pvt. Ltd. for Rs 2.52 Crores. The Company's shareholding in Motwane Manufacturing Co. Pvt. Ltd is 44%.
2007
2008
The Company has increased its holding in The Motwane Manufacturing Company Pvt. Ltd from 44% to 50.41%.
2008
2011
The Company has further acquired equity shares of, The Motwane Manufacturing Private Limited (Subsidiary Company) for Rs. 2.21 Crores. The CompanyÂs shareholding in The Motwane Manufacturing Company Private Limited has increased from 50.41% to 56.28%.
2011
2013
Nagpur Power buys additional 1,176 equity shares in its subsidiary The Motwane Manufacturing Company Private Limited.
2013
