Modern Malleables Ltd Share Price

History of Modern Malleables Ltd

Modern Malleables Limited (MML) initially began as Partnership Firm in 1956 as 'Modern Malleable Casting Works' serving the needs of electrical utilities and the Railways for cast, forged and machinery items. The Company then was established as a Limited Company on 16 October, 1982. The Company is engaged in Power Sector and diversified into Telecom operations. Over a period of few years, it has added technical expertise/ facilities involving structural, telecommunication and instrumentation work to the Company's expertise. It has taken continuous initiative to procure further business in the area of supply and erection packages in telecommunication and power sector in a emerging competitive market now. The company's products are exported to Middle East Asia, Europe, Africa, the US, B ...angladesh and Philippines. Presently, Company is engaged in manufacture of Overhead Electrical Power Conductor and Hardware Accessories in Power Transmission and Distribution projects. The Company has manufacturing units situated at Liluah, Howrah. The Calcutta-based company, Modern Malleables (MML), signed an memorandum of understanding with Deutsche Aerospace, Germany (a subsidiary of Daimler- Benz) for setting up a solar power plant in Maharashtra. Another collaboration was made with Angelo Marinelli, Italy for state-of-art technology for turnkey construction of overhead electrical transmission lines and latest computer aided cost effective tower designs. The Company further ventured into turnkey construction of overhead power lines, and bagged a contract of 260 km long turnkey transmission line construction from Nepal Electricity Authority, Kathmandu. It has introduced OPGW& ADSS technology in India. It developed the existing Indian Standards for 4-inch IPS bus bars, armor rods, aerial fiber optic fittings, and many more. The Company was declared as a Sick Industrial Unit in March, 2001 through the Rehabilitation Scheme. The new Scheme was implemented by the Hon'ble Bench of BIFR on 5th January 2009, through completion of capital restructuring and the requisite funds brought in by the Promoters for the working capital of the Company as per directions of BIFR. The Company is an ISO-9001:2015 accredited Company for its range of products catered to power and telecommunication sector. The Company does own an 'Recognised R & D Unit' status with the Government of India. The Company also is an accredited NABL status unit in several diverse activities.