This is a manufacturing company which provides spares for four and two wheelers. We are planning to expand towards Indian Defense and Railways.
The company is a midsized forging company with 30 years of operational expirience and present installed capacity of 20000 MTPA. It has a diversified product range which has been developed in close coordination with automobile OEM’s namely TATA Motors Ltd. Pune, Tata Motors Ltd Jamshedpur, Maruti Suzuki Ltd. Gurgaon, Honda Siel Power products Ltd Noida, Mahindra & Mahindra, SRMT Ltd, Rane Steering madras Ltd., American axles Ltd. etc.
VAL has become sole approved vendor and tier one supplier for various components to above auto majors evidencing core technical capability and confidence posed by the customers with a very strong order book of @200 Crore.
The company very experienced and skilled manpower.
It has been stopped due to insufficiency of the funds in the year 2013.
There is a very good industry for automotive sectors in India. The Indian Government has announced new industrial policies, that are an advantage to the automobile sector.
We require the above mentioned debt amount in interest basis for the period of ten years.