Swaraj Intro

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 | 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.|
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 | 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.|
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 | 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.|
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 | 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 Issue (1:1) at...
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