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History of Triton Valves Ltd.

The Comp. is a manufacturing unit mainly dealing with the Auto Valves, Valve Cores & Components and Accessories.

During the year 1988-89 the second phase of Balancing cum Expansion Scheme was completed during the year under review & was fully operational from October 1989. As a result of above the installed capacity of valves & cores increased by 36% & 7% respectively. The various schemes of diversification are under the active consideration.

During the period 1990-91 the Comp. has envisaged a project for doubling the existing installed capacity at a total cost of Rs. 585 lakhs to be completed by middle of 1992. The Comp. has obtained the necessary endorsements from Government of India increasing the licenced capacity.

During the period 1990-91, all term loans availed by Comp. have been fully repaid except the loan of Rs. 50 lakhs obtained from ICIC for funding the second phase of Balancing cum Expansion Scheme.