Jost's Engineering Company has invested Rs 5 crore in JECL Engineering towards the acquisition of equity shares by way of rights issue. JECL Engineering is engaged in the Manufacturing and Trading of Material Handling Equipments.
Earlier, the company’s board had approved the investment in the share capital of JECL Engineering (JECL), a Wholly Owned Subsidiary of the Company and/or grant loans and advances to JECL and/or to give Guarantees on behalf of JECL, in one or more than one tranche with a maximum cap of Rs 15 crore.
Jost's Engineering Company operates in three divisions, including material handling division, industrial finishing division and engineered products division.
