The Company primarily deals in tea, textiles and engineering business activities. It also owns the famous building 'Gillander House' in Kolkata.
Our Property Division is engaged in utilizing this highly valued property and earns income from the tenants of this building. The division also looks after the maintenance and up keeping of this property.
With a total installed capacity of 50,000 Spindles in West Bengal, we offer a wide range of specialized varieties of grey, melange and dyed yarns in cotton, polyester, acrylic, viscose, modal and their blends.
Engineering Division of Gillanders Arbuthnot & Co. Ltd. known as 'MICCO', originally set up in Kolkata in the year 1957 as a steel work fabrication and erection company, has grown into a leading EPC/Turnkey Constructing company, executing turnkey contracts all over India.
MICCO is the exclusive Indian Partner of M/s. Motherwell Bridge Ltd., Clayton Walker Gas Holder, U.K. the world leader for all types of Gasholder Technology. MICCO has executed a numbers of Gasholder projects during the last over 25 years. These include engineering, fabrication, erection, testing and commissioning.
The production during the year was 5718 MT.
During the year under review your division reported increase in tea prices by more than INR 23/- per Kg. as compared to previous years’ due to improvement in quality and good demand for Quality Tea. Your Directors believe that Quality teas will continue gaining prominence in near term and will thrust on further improving the quality in the current year.
During the period under review, Engineering (MICCO) Division has been able to achieve better turnover of
around INR 4,078 Lakhs as compared to the previous year. By sustained efforts, your Division won orders for
New Projects worth Rs. 5,286 Lakhs.
Continuous efforts are being made to increase the occupancy of ‘Gillander House’, the property which generates rental income for your division. The Real Estate sector for commercial use has not shown any significant recovery, during the year under review. However, with the locational advantage of ‘Gillander House’ and recent repairs & renovation, we expect an increase in occupancy in the coming years.
As on 31st March, 2023 an amount of ` 1,202.70 Lakhs was outstanding as fixed deposit from the public
and Shareholders of your Company