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About ATV Projects India
ATV Projects India , a company incorporated to take over Anand Tanks & Vessels (P) Ltd, engaged in the business of executing turnkey projects. The amalgamation was effective from Sep.'87. Presently the company is engaged in execution of turnkey projects and supply of equipment for several industries such as Sugar, Fertilizer, Chemical, Petrochemicals, Steel, Power, Nuclear Power etc. by manufacturing the part of the equipments and components at its plant at Mathura.
During 1988-89, an agreement was signed with Ishiwakajima Harima Heavy Industries Company, Japan, for the expansion and modernisation of the company's Mathura works. In 1994-95, the Mathura works were modernised. Technical and technological excellence reinforced by recognition from the American Society of Mechanical Engineers for quality control has enabled this division to book and execute orders from companies like HPCL, IOCL, Mathura Refinery, Bindal Agro and so on. The project and construction division has commissioned projects like Indian Oil Corporation's Khandla Bhatinda pipeline for Jaipur and Sidhpur, LPG Horton spheres at Karnal and Jamshedpur, NTPC, Farraka and Jai Kissan SSK's sugar plant at Yavatmal, Maharashtra.
In 1988-89, an agreement was signed with SEMT-Pielstick, France, to produce generating sets. In the following year, ATV signed a technical collaboration agreement with Dadini Metallurgica, Brazil, to manufacture bagasse-based boilers used in sugar plants. Production commenced in 1990-91.
In 1991-92, ATV entered into an agreement with a Dutch organisation, Stock Industrial Engineering, to manufacture roller mills used in sugar plants. In the same year, ATV entered into a joint venture with two leading industrialists of Malaysia to set up an integrated sugar complex.
In 1990-91, the company entered into a technical know-how agreement with Filex Corporation, US, to manufacture thermoplastic elastomer (TPE). The project was implemented in Mar.'95 at Nagothane, Maharashtra. Two Italian companies -- API and Softer - will import 200 tpm and 300 tpm of TPE, respectively. ATV went in for forward integration in 1995, with the commissioning of compounding lines to cater primarily to the footwear market which mainly depends on imports for TPE/SBS compounds used for soling materials. It has promoted another company - ATV Petrochem - a Rs 3800-mln project to manufacture purified terephthalic acid (PTA).
During 1996-97, the company commissioned and handed over a 2500 TCD Sugar Plant of M/s Akola Sahakari Sakhar Karkhana Ltd at Akola. 100 MW Power plant project and utilities of Kerala State Electricity Board for Centrales Diesel Export, France is mechanically completed and the first unit was commissioned. The company is still executing some valuable projects for the state owned oil company Indian oil Corporation, namely ARU in Panipat Refinery, LPG Sphere and Bottling Plant in Manmad and Gandhar.
During the year 1997-98, the company was referred to the BIFR because the losses were exceeding its networth. The company's rehabilitation proposal is yet to be finalised by the IDBI, the OA and BIFR.
In 2000-01, the company's TPE plant remained closed due to non availability of working capital and the Engineering division at mathura has operated intermittently. Even then the company has got some good orders and completed the accepted projects.
Parent Organisation
Chaturvedi Sures
Managing Director
M V Chaturvedi
Founded
1987
NSE Symbol
ATVPROJ
Community Discussion
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AngelOne
10th July, 2024
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10th July, 2024
ATV Projects India Ltd-latest-market-updates-89035
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Atv Projects India Ltd FAQs
What is the share price of Atv Projects India Ltd (ATVPROJ) shares?
Atv Projects India Ltd (ATVPROJ) share price as of September 19, 2024, on NSE is Rs 34.24 (NSE) and Rs 34.24 (BSE) on BSE.
Can I buy Atv Projects India Ltd (ATVPROJ) from Angel One?
Yes, You can buy Atv Projects India Ltd (ATVPROJ) shares by opening a Demat account with Angel One.
How do I buy Atv Projects India Ltd (ATVPROJ) from Angel One?
Atv Projects India Ltd (ATVPROJ) share can be bought through the following modes:
1. Direct investment: You can buy Atv Projects India Ltd (ATVPROJ) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Atv Projects India Ltd (ATVPROJ) shares.
1. Direct investment: You can buy Atv Projects India Ltd (ATVPROJ) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Atv Projects India Ltd (ATVPROJ) shares.
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