Voltas Material Handling - a joint venture company (JV) between Voltas and Germany's KION Group has set up a new plant in Pune at an investment of Rs 12 crore. The new facility will manufacture diesel and electric forklift trucks. The company had produced 1,700 forklifts from its Thane plant last year and by the end of this year the plant in Pune will have the same capacity.
Recently, Voltas had upon fulfillment of certain conditions transferred its material handling (MH) business of development, manufacturing, marketing, sales and service of forklift trucks and warehousing equipment and all ancillary activities to JM Materials Handling Solutions, the joint venture (JV) company, and pursuant to a JV with Linde Material Handling Asia Pacific, an affiliate of KION Group, Germany. Voltas had received consideration of Rs 110 crore for the transfer of its business.
Further, the name of the JV Company was proposed to be changed to Voltas Materials Handling (VMH) where majority of the equity share capital of the JV Company is held by Linde Material Handling Asia Pacific. As a part of the JV agreement, Voltas had also entered into a supply agreement with the JVC for forklifts and warehousing equipment to be manufactured at its Thane plant and has granted a licence to the JV Company for use of ‘Voltas’ brand for forklifts and warehousing equipment
Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
| Company Name | CMP |
|---|---|
| Voltas | 1427.60 |
| Blue Star | 2196.20 |
| Amber Enterprises | 6808.80 |
| Johnson Controls | 1775.30 |
| EPACK Durable | 332.65 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
100% Secure Process
Account Discovery
- OTP from CAMS
Account Linking for Stocks & MF
- One OTP per link Eg. NSDL, CDSL, CAMS, KFin etc.
One Click Upload for your Current Portfolio and Future Transactions!
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
