You are here » Home » Companies » Company Overview » Bhilwara Spinners Ltd

Bhilwara Spinners Ltd.

BSE: 514272 Sector: Industrials
NSE: N.A. ISIN Code: INE436C01014
BSE LIVE 15:14 | 22 Sep 8.60 -0.43
(-4.76%)
OPEN

8.60

HIGH

8.60

LOW

8.60

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 8.60
PREVIOUS CLOSE 9.03
VOLUME 428
52-Week high 11.00
52-Week low 6.51
P/E 172.00
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 8.60
Sell Qty 1175.00
OPEN 8.60
CLOSE 9.03
VOLUME 428
52-Week high 11.00
52-Week low 6.51
P/E 172.00
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 8.60
Sell Qty 1175.00

Bhilwara Spinners Ltd. (BHILWARASPINNER) - Company History

Engaged in the manufacture of cotton yarn, synthetic blended yarn, hosiery yarn and sewing threads, Bhilwara Spinners is controlled by the Bhilwara group of Rajasthan. A subsidiary of Rajasthan Spinning & Weaving, it became an independent company in 1990-91. It exports to countries in western Europe and east Asia. Bhilwara Spinners came out with a public issue in Apr.'93 to part-finance its modernisation and to augment its working capital. A cost overrun of Rs 45 lac, was met through internal accruals. In 1995-96, the company undertook a balancing-cum-modernisation and expansion programme costing Rs 22.78 cr and as a result, 3840 spindles are added. The 4.25 MW Power project was completed in October,1998. he company completed the installation of 3 Autoconers and 8 Two for one twisters. The scheme of Amalgamation of the company M/s Rajasthan Spinning & Weaving Mills Limited has not been given effect in view of the order of the Hon'ble High Court of Rajasthan,Jodhpur passed during 2000-01. The company made a reference to BIFR about accumulated losses resulting in erosion of the networth of the company.