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Automobile Corporation Of Goa Ltd. Company History and Annual Growth Details


The Company was incorporated on 1st September, 1980 at Panaji
Goa.

The object of the company is to manufacture, assemble and
press all types of sheet metal components including ferrous
and non-ferrous .

The Company was promoted jointly by Economic Development
Corporation of Goa, Daman & Diu Ltd.(EDC) and Tata
Engineering & Locomotive Co. Ltd. (TELCO) , with an equity
participation of 41.06% and 10% respectively.

Commercial production started from 1st August, 1982.

With the installation of a 500 tonne hydraulic press by the
end of the year, the production of various items was
expected to increase in the year to come to meet the growing
needs.

During 1987-88, government approval was received for
collaboration with M/s Fuji Heavy Industries, Japan for the
manufacture of 1,500 bus bodies and component parts per year
at a new unit to be set up near the existing plant.

TELCO shall purchase the production of the company on a
continuing basis.

2001 - Crisil has downgraded the rating for the company's non-convertible portion of the
partly convertible debenture issue from 'BBB' to 'BB+'.

2007

-The company has issued rights in the ratio of 3:10 at a premium of Rs.465/- Per Share.

2010

- Automobile Corporation of Goa Ltd has informed that Mr. Steven A Pinto has been appointed as an Additional Director on the Board of Directors of the Company w.e.f. June 28, 2010.

- Automobile Corporation of Goa Ltd has ppointed Mr. C. Ramakrishnan as an Additional Director on the Board of Directors of the Company w.e.f. August 07, 2010.
 
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