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Amarjothi Spinning Mills Ltd.

BSE: 521097 Sector: Industrials
NSE: AMARJOTHI ISIN Code: INE484D01012
BSE LIVE 15:53 | 02 Dec 144.95 -3.80
(-2.55%)
OPEN

145.50

HIGH

152.00

LOW

144.05

NSE LIVE 00:00 | 29 Jan Stock Is Not Traded.
OPEN 145.50
PREVIOUS CLOSE 148.75
VOLUME 6462
52-Week high 168.00
52-Week low 65.00
P/E 7.67
Mkt Cap.(Rs cr) 97.84
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 145.50
CLOSE 148.75
VOLUME 6462
52-Week high 168.00
52-Week low 65.00
P/E 7.67
Mkt Cap.(Rs cr) 97.84
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Amarjothi Spinning Mills Ltd. (AMARJOTHI) - Company History

Incorporated in Dec.'87, Amarjothi Spinning Mills (ASM) was converted into a public limited company in Dec.'91. It was promoted by the Amarjothi group of Tirupur. N Rajan is the Chairman of the company. ASM went public with its maiden issue in Jan.'93 to part-finance a spinning mill to manufacture cotton yarn (inst. cap. : 12,096 spindles) in Pudusuripalayam, Tamilnadu. To meet part of the project cost, ASM issued secured NCDs worth Rs 2.20 cr on a private placement basis. For cotton spinning, the company has adopted the ring spinning system. The company has installed the latest textile machineries including blow room, carding machines, draw frames, simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India). ASM completed its first full year of operations in 1994-95, after raising capital through a public issue. In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles. Modernisation programme has been availed by the company to the tune of Rs.340.00 lacs under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles.

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