Automobile Corporation Of Goa Ltd (at 310 Rs )

Automobile Corporation of Goa Ltd. (ACGL) , the first major engineering unit to be set up in Goa, a tiny but picturesque state of India, was jointly promoted in 1980 by Tata Motors Ltd , the largest automobile manufacturer in the country and EDC Ltd (formerly known as Economic Development Corporation of Goa , Daman & Diu Ltd.) .

Right from the inception, ACGL, with its emphasis on Quality, Safety, Productivity & Reliability in line with the Tata ethos has been endearing itself to its customers.

The Company manufactures Sheet metal components,assemblies and Bus coaches at its factories situated at villages Honda & Bhuimpal, Goa.

The Company is in operation since 1982 and is a major supplier of pressings and assemblies to Tata Motors' Pune factory. To meet “Just In Time” supplies to the customer, the Company has set up a Press shop at Jejuri, Pune.

The Sheet Metal Division at its three units has High tonnage presses with an output of more than 17,620 tonnes that have ensured complete customer satisfaction.

In 1987, the Company entered into a Technical Collaboration Agreement with Fuji Heavy Industries Ltd., Japan,makers of Subaru car for various models of chassis mounted bus bodies and set up a full fledged Bus Body Building Division.The company had a further agreement with FHI Ltd. to build Monocoque buses in 1995.

Excellent production facilities,highly skilled and continuously trained manpower of Engineers,Technicians and other staff have ensured world class products and services. In its quest towards business excellence , the company practices Integrated Management Systems including Quality,Environment,Health and Safety in all its operations.
The Company is professionally managed. The Company’s shares are listed on The Stock Exchange, Mumbai. (505036)

see financial details in 2007 they gave rights at 475 rs.

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=44

BUY AT CMP 310 EXPECTING 450 IN NEXT 3 MONTHS