Incorporated in 1990 as a private limited company Solid Carbide Tools was promoted by M M Kothari (a member of the Bombay Stock Exchange) and S K Nag. It was converted into a public limited company on 18 Feb.'93. It is a 100% EOU manufacturing industrial rotary cutting tools circuit board routers and circuit board drills with a capacity of 504000 units pa. at its plant at Rabale on the Thane-Belapur road New Bombay. The technical know-how has been provided by Quality Carbide Tools Corporation US with whom it signed an MoU on 28 Jan.'93 valid for 5 years and subject to renewal thereafter. For the past few years the company has been making profits and paying dividends to its shareholders. From...
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