Octanorm India Limited was incorporated on 14th May 1987, as a Private Limited Comp. & subsequently converted to a Public Limited Comp. on 7th February 1992. The Comp. in Collaboration With OCTANORM - Vertriebs-GmbH, Germany is setting up a Project for manufacture of Computer Designed, modular standardised & specialised structural fabricators out of aluminium alloy extrusions. The Comp. has executed works contract for clients like TELCO, WIPRO, lTC etc. and recorded a turnover of 1.60 Crores for year ending December 1993 period with a gross profit of Rs.2,925,426 & net profit after tax Rs.1,283,399. The Current turnover for 6 months period ending 30th June 1994 is Rs.40.21 Lakhs with a gross profit of Rs.801,616 & net profit after tax is Rs.277,257.
SUBSIDIARY COMPANIES
The Comp. has no subsidiary.