Richard Sump GmbH is trading worldwide as---
exporter to wholesalers
supplier and wholesaler to shipchandlers
supplier to marine, airline and hotel caterers
supplier to aid programmes
supplier to international peace-keeping forces
The Surrendra Overseas Limited (SOL) was incorporated in 1948. The promoters, Apeejay Surrendra Group has 100 per cent stake in the company. The Apeejay Surrendra Group is a highly diversified industrial conglomerate engaged in the following business activities:
Shipping
Steel
Engineering
Tea
Hotels
Construction
Real estate development
Industrial trade
Finance
The SOL owns a fleet of five bulk carriers. Further, the company has placed an order for one new Panamax bulk carrier of 74,850 DWT from Hyundai Heavy Industries, Ulsan, Korea, to be delivered by June 2001.
The turnover of SOL for FY1999-2000 was Rs. 578.63 million.
Future plan
The company has planned to acquire new and second hand Handymax and Panamax tonnage. There are also plans to diversify into shipmanagement, chartering and tanker operations.