ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Akar Laminators

AS/400 machine with Synon 2E software is proposed to be insulted at this park. A 486 bated Unix system with Oracle and two 386 based Novell LAN systems has been installed. VSNL has been approached for providing a high speed dedicated data link (64KB) to US. Chemoil Corporation is the largest independent supplier of marine fuels in the United States. Itobert V Chandran, founder and chief executive of Chemoil. has an intimate knowledge of the bunker fuel business and sees a requirement for customised computer applications based on the data processing experience within Chemoil, He has established Amsoft Inc. an affiliate company, as the vehicle for this venture. Amsoft will be responsible for marketing and support while development work will be accomplished in India by California Software, Amsoft will have a competitive advantage due to the relative cost of programmers in India compared to those in the United States or Europe. California Software will assist companies in conversions from one computer hardware platform to another A substantial number of these conversions are expected to be from a network of personal computers to a mid range system such as the AS/400. California Software will provide customised applications as part of these conversions. Most of the programming is intended to be done 'offshore ' in the STP at Madras IN THE CAPITAL MARKET Krishna Plastochem Krishna Plastochem. promoted by Kishor Doshi along with Jayant Doshi and H M Dhgkhadg, is implementing an expansion-cum-diversification pro- gramme entailing an estimated capital outlay of Rs 614 lakh. The programme envisages expansion of the company's existing manufacturing capacity of plastiriscrs and esters and also diversification into the manufacture of oxalic acid. The basic raw material is alcohol for which the' company has received assurance from the government of an annual quota of nine lakh bulk litres, the other raw materials being butanol, acetic acid, etc, which are indigenously available, To part finance the project the company is entering the capital market with a public issue of 3120,000 equity shares of Rs 10 each at par aggregating Rs 312 lakh. The remaining cost is being taken care of by the promoters (Rs 130 lakh), friends and associates of promoters (Rs 77 lakh), state subsidy (Rs 20 lakh) and term loans from GSFC, banks and others (Rs 75 lakh). The programme is expected to be completed by the middle of September 1992, The issue opens on June 5. PNB Capital Services are the lead managers to the issue.

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