AUTOMOBILE CORPORATION OF GOA LTD-$

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BSE Code: 505036       NSE Code: ACGL

Business Profile
Business Profile
Automobile Corporation of Goa (ACGL) was jointly promoted in 1980 by Tata Motors and Economic Development Corporation of Goa. EDC had a 41% equity participation and Telco had a 10% stake. The company manufactures sheet metal components, assemblies and bus coaches at its factories situated at villages Honda and Bhuimpal, Goa.

The company is a major supplier of pressings and assemblies to Tata Motors' Pune factory.

Financials
ACGL had net sales of Rs 659 million for the quarter ended Sep. 30, 2006, up from Rs 587.9 million for the same period last year, a rise of 12%. Profit after tax was at Rs 19.9 million, compared with Rs 29.7 million for the corresponding period last year, a reduction of nearly 100%, due to competitive market conditions coupled with an increase in material costs.

ACGL`s net sales for the year ended Mar. 31, 2006 was Rs 2.54 billion while profit after tax was at Rs 152.8 million.

The company proposes to raise around Rs 750 million for capacity expansion and upgrading infrastructure by issuing further equity shares on rights basis.

Other Information
Annual Reports for AUTOMOBILE CORPORATION OF GOA LTD
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2022-23
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