Hindustan Composites has sold its Jalna unit for a total consideration of Rs 5.83 crore to Spitmaan Group of companies.
Hindustan Composites is a pioneer in the development, manufacture and marketing of industrial products and friction materials in India for over 45 years.
The company has got wide range of products suitable for a number of general and specialised applications, has been catering to the diversified needs of core sector industries, such as Railways, Engineering, Mining, Aerospace, Steel, Chemical, Petrochemical, Fertilizer, power generation, Ship building, Atomic Energy, Electrical, Oil exploration, Automotive, etc.
The products of this company are being exported to more than 30 countries. This company operates in Latin America, Greece, Middle East and South East Asia. Export turnover of this company is US $ 2 Million
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