DCM gets nod to incorporate new subsidiary

13 Feb 2012

DCM has received an approval to incorporate new subsidiary of the company to carry on new and/or existing business in information technology (IT) sector. The board at its meeting held on February 11, 2012 has approved for the same.

Also, the board has taken note of the credit rating ‘BBB-’ reaffirmed by credit rating agency CRISIL to the company's bank facilities.

DCM is engaged in manufacturing of engineering products and textiles. The different divisions of DCM group are engineering products, tolls and dyes, precision engineering, textiles and real estates.

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