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Based on FMPL's proposal of March 28, 2005, to be its business associate, STCL entered into the contract without even waiting for the approval of the managing director ( MD).
The inclusion of Future Exim, a group company of FMPL, as another business associate was carried out in the same manner.
10 May 2010 - Indian credit rating agency CRISIL rated Friday at A+ with a "stable" outlook and at P1+ various bank facilities of local control instruments maker Forbes Marshall Pvt Ltd (FMPL).