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Bhilwara Spinners Ltd.

BSE: 514272 Sector: Industrials
NSE: N.A. ISIN Code: INE436C01014
BSE LIVE 12:15 | 25 Apr 9.52 -0.46
(-4.61%)
OPEN

10.40

HIGH

10.40

LOW

9.52

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.40
PREVIOUS CLOSE 9.98
VOLUME 2300
52-Week high 12.72
52-Week low 6.68
P/E 63.47
Mkt Cap.(Rs cr) 6.44
Buy Price 9.51
Buy Qty 100.00
Sell Price 10.40
Sell Qty 200.00
OPEN 10.40
CLOSE 9.98
VOLUME 2300
52-Week high 12.72
52-Week low 6.68
P/E 63.47
Mkt Cap.(Rs cr) 6.44
Buy Price 9.51
Buy Qty 100.00
Sell Price 10.40
Sell Qty 200.00

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.