Pfaudler s stake in the company was held through DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG (DBAG). Following the stake sale, DBAGs nominee directors Malte Woweries and Harsh Gupta tendered their resignations
The bull is showing no signs of fatigue as the Nifty raced to another record close. Global support to the rally is intact with the Dow and S&P setting yet another record high. Retail investors relentlessly chasing stocks and the sheer momentum in the market may take the Nifty to 16,500 levels, said an analyst.
Read more about GMM Pfaudler Q4 net loss stands at Rs 6 cr on Business Standard. GMM Pfaudler fell 4.92% to Rs 4,789.95 after the company s consolidated net loss stood at Rs 5.75 crore in Q4 FY21 compared with net profit of Rs 11.59 crore in Q4 FY20.
GMM Pfaudler announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021.
The new facility will immediately enhance the company s capacity in Heavy Engineering while freeing up capacity in Karamsad to expand our Glass Lining business. The facility in Vatva, spread over 11.9 acres with seven manufacturing bays (built-up area of 23,617 square meters) is equipped to manufacture a wide range of Heavy Engineering equipment with a crane lifting capacity of 200 metric tonnes, deep-hole drilling (up to 1 meter) capabilities, plate rolling capabilities up to 110 milimeters, strip cladding capabilities, orbital welding capabilities, a 308.6 square meters clean room for fabrication of high alloy materials, vertical turret lathes and other machine tools.