Hindustan Composites has received approval from board of directors to commence the business of trading in metals and commodities. By entering into the business of trading in metals / commodities, the Company will be able to increase its profitability. It will also introduce a new revenue stream for the Company.
Initially, the Company plans to invest up to an amount of Rs 25 crore in this business and may increase its investment gradually as scale of operation increases.
Hindustan Composites is engaged in the business of manufacturing and marketing of fibre based friction material, consisting of Brake Liners, Roll Lining, Brake Block, Clutch Facing etc and investment of its surplus fund.
