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Mahindra Intertrade forms PT Mahindra Accelo Steel in Indonesia

Steel News - Published on Thu, 20 Dec 2018

Image Source: Digitech
Mahindra Intertrade Limited, a wholly owned Subsidiary of Mahindra Vehicle Manufacturers Limited which is in tum a wholly owned subsidiary of Mahindra & Mahindra Ltd, has on 19th December, 2018 incorporated PT Mahindra Accelo Steel Indonesia (PT MASI). PT MASI has become a 'subsidiary' of MIL and in tum of MVML and of the Company with effect from 19th December, 2018. The initial subscription of Rp 28,240,000,000 (Rupiah Twenty Eight Billion Two Hundred Forty Million only) by MIL in PT MASI does not fall within the purview of related party transactions.

The purposes and objectives of the company shall be in the field of various types of processing of metals and metal products. To achieve such purposes and objectives mentioned above, the company may conduct the following business activities:

1. Providing steel processing services to various sectors in Indonesia, including, without limitation, the electronic transformer, automotive, white goods, and construction sectors;

2. Providing any additional services as requested by customers, such as material inventory, packaging and transportation;

3. Procurement and sales of steel products in its original form or processed form.

Source :

Posted By : Ratan Singh on Thu, 20 Dec 2018
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