Bilcare

BSE Announcements on Bilcare

Posted by : MMB Messenger
Price when posted : [Bilcare - BSE:Rs. 570.00 NSE:Rs. when posted]

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Bilcare Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company was remain closed from September 22, 2008 to September 30, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company was held on September 30, 2008....

Bilcare News Update

Posted by : bhojas
Price when posted : BSE: Rs 744.60 ( 1.26 % )

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Packaging solutions provider Bilcare Ltd today launched its anti-counterfeit technology for the Indian automobile industry, which has been dealing with spurious components for long.

"Counterfeit components are not only a threat to the profit of automobile manufacturers but also to the vehicle users using sub-standard safety and performance parts. Our technology, equipped with nanotechnology and bluetooth, will fight this problem of the industry," Bilcare Technologies President and CEO Raman Nanda told PTI.

While launching the technology at the Society of Indian Automobile Manufacturers (SIAM) Annual Convention here, he said various car parts in India constitute an estimated 37 per cent of the total components market.

The company has launched the product from its Singapore facility, where it had earlier committed Rs 100 crore investment for carrying out R&D and setting up the plant.

When asked about the sales target in India, Nanda said: "In the next five to seven years we have a global target of up to one billion dollar from all industries, like automobile, engineering, fashion, pharma and aviation. Of this, India's share will be about 15-20 per cent."

Bilcare is also talking to some IT firms for forming alliances and partnerships in India, he said, but declined to give details.

According to a survey conducted by Motor & Equipment Manufacturers Association (MEMA), the global automotive industry loses up to 12 billion dollar per year to counterfeiting.

-manish...