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Swaraj Intro

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Swaraj Intro
| | | | 1970 | | Punjab Govt. through PSIDC acquires SWARAJ tractor's design from CMERI and establishesPunjab Tractors Ltd. (PTL) for its commercialization. | | 1971-73 | | PTL sets up SWARAJ Project for 5,000 tractors per annum at a capital outlay of Rs. 37.0 million with an equity base of Rs 11.0 million. | | 1974 | | Swaraj 724 (26.5 HP) tractor commercially introduced. | | 1975 | | 2nd tractor model SWARAJ 735(39 HP) developed by own R&D, commercially introduced. | | 1978 | | 3rd Tractor model SWARAJ 720 (19.5 HP) developed by own R&D, commercially introduced. | | Maiden equity divided declared. | | | 1980 | | Guided by social concerns and responsibility, PTL takes over PSIDC's sick scooters unit -Punjab Scooters Ltd. (subsequently renamed as SWARAJ Automotives Ltd.) | | India's first Self propelled Harvester Combine - SWARAJ 8100 developed by own R&D, commercially introduced. | | SWARAJ Foundry Division set up in Backward area. | | | 1981 | | Issue of maiden Bonus Shares (2:5), paid-up equity moves to Rs 15.4 million. | | 1983 | | 4th Tractor Model - SWARAJ 855 (55 HP) developed by own R&D, commercially introduced. | | Expansion of annual capacity to 12,000 tractors per annum at Plant 1. | | | 1984 | | SWARAJ MAZDA Ltd. promoted in technical and financial collaboration with Mazda Motor Corpn. & Sumitomo Corpn. Japan for manufacture of Light Commercial Vehicles. PTL's equity participation is Rs. 30.4 million (29%) and that of Mazda and Sumitomo's Rs. 27.0 million (26%). | | 1985 | | SWARAJ Industrial Forklift Trucks developed by own R&D, commercially introduced. | | 1986 | | SWARAJ ENGINES Ltd. promoted in technical and financial collaboration with Kirloskar Oil Engines Ltd.(KOEL) for manufacture of diesel engines. PTL's equity participation is Rs. 6.9 million (33%) and that of KOEL's Rs 3.6 million (17%). | | 1989 | | 1st Right
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