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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE LIVE 15:56 | 02 Dec 774.80 -9.35
(-1.19%)
OPEN

780.00

HIGH

781.50

LOW

765.65

NSE LIVE 15:55 | 02 Dec 776.45 -7.85
(-1.00%)
OPEN

780.00

HIGH

782.00

LOW

765.00

OPEN 780.00
PREVIOUS CLOSE 784.15
VOLUME 142059
52-Week high 1037.25
52-Week low 403.80
P/E 212.27
Mkt Cap.(Rs cr) 8654.52
Buy Price 779.00
Buy Qty 50.00
Sell Price 0.00
Sell Qty 0.00
OPEN 780.00
CLOSE 784.15
VOLUME 142059
52-Week high 1037.25
52-Week low 403.80
P/E 212.27
Mkt Cap.(Rs cr) 8654.52
Buy Price 779.00
Buy Qty 50.00
Sell Price 0.00
Sell Qty 0.00

Century Textiles & Industries Ltd. (CENTURYTEX) - Company History

Century Textiles and Industries Ltd is a India-based company that operates in four segments. The Textiles segment's products/services consist of yarn, cloth and denim cloth, viscose filament yarn and tyre yarn. The Pulp and Paper segment's products/services consist of pulp, writing and printing paper, tissue paper, multilayer packaging board and fiber line. The Cement segment's products/services consist of cement and clinker. Others include salt works, chemicals, floriculture and real estate. Its Rayon Division produces various specialty yarns, such as intermingled yarn, fancy yarn, carpet yarn and monofilament split yarn. The company is a paper producer offering writing and printing grades, copier, specialty grades, tissue and packaging boards. The sale of its ready-to-wear garments is marketed under Cottons by Century brand name. The company's new Textile mill, Birla Century, in Gujarat manufactures textile fabrics. Century Textiles and Industries Ltd was incorporated in the year 1897 as a public limited company at Mumbai. In the year, the company began their Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn. In the year 1960, they signed a technical collaboration and know-how agreement with Alemene, Kunstzigde Unie N.V. of Holland and Verinigts Glazstoff-Fabriken AG of Germany to set up a super two-tyre yarn and a cord plant with capacity of 6 1/4 tonnes per day. In the year 1961, the company obtained a licence for a rayon grade caustic soda plant of the capacity of 30 tonnes. In the year 1963, the company commenced production of Viscose Tyre Yarn / Industrial Yarn. In the year 1964, they commenced the production of Caustic Soda and other chemicals. In the 1969, they acquired a salt manufacturing unit at Jamnagar to ensure continuous supplies of good quality salt to the caustic soda plant. In the year 1974, the company diversified into production of Cement by establishing their first cement plant at Baikunth, near Raipur (Chhattisgarh) to produce 0.60 million Tonnes Per Annum (TPA) of Portland Cement. In the year 1980, the company established their second Portland Cement plant at Maihar in Madhya Pradesh with a capacity of 0.80 million TPA. In the year 1984, the company established Rayon and/or paper Grade Pulp and Writing & Printing Paper Unit with an installed capacity of 20,000 tonnes each per annum at Lalkua near Nainital (Uttaranchal). In the year 1985, the company established their third Portland Cement plant at Gadchandur in Maharashtra with a capacity of 1 million TPA. In the year 1987, the company entered into new markets such as Taiwan, South Korea, Hongkong and Japan. In the year 1990, the chemical division of the company obtained permission from the Govt. to introduce the membrane cell technology in the caustic soda plant. In November 1991, the company was selected by the MP Govt. for establishing, maintaining and operating a 2 x 210 MW thermal power station at Pench in the Chhindwara district The company established a separate unit 'Century Power' to undertake the project. In the year 1995, the company established their second paper unit based on Bagasse adjacent to the existing Pulp and Paper Plant at Lalkua with a capacity of 84,600 tonnes of paper per annum. During the period of 1995-96, the company commenced commercial production in their fourth Portland Cement Plant with a capacity of 1 million TPA adjacent to the existing plant at Maihar. In the year 1997, they commenced generation in Thermal captive power plant. In the year 2002, the company bunged its operations at Bagasse paper plant at Nainital and as new dimension, made treaded into branded apparels by leveraging on its brand 'Century'. The company had ranged into value-added readymade garments in the year 2003 and also posted in accessories under the brand name of 'Cottons by Century'. In March 2005, the installation of 6 MW Power Plant using LSHS/Furnace oil was completed and the plant commenced commercial production. In cement segment, the new captive thermal power plants of 15 MW at Maihar Cement Unit and 10 MW at Century Cement Unit were commissioned in March 2006 and April 2006 respectively. In October 2006, the company's project on blended cement was registered under the Clean Development Mechanism with the executive body of the United Nations Framework Convention of Climate Change (UNFCCC). In February 2007, the company commissioned the expanded Paper unit for manufacturing Paper from waste paper with a capacity of 211 tonnes per day. During the year 2007-08, the company completed the modification and upgradation work at all cement units was completed and the cement manufacturing capacity was increased to 7.80 million tonnes per annum with effect from March 1, 2008. The company set up a new clinker line of the capacity of 2.50 million tonnes and an equivalent cement grinding facility, adjacent to the existing plant of Manikgarh Cement at Gadchandur, Maharashtra, along with a captive Thermal Power Plant of 40 MW. During the year 2008-09, the company commissioned the prime grade tissue paper plant at Lalkua, Dist. Nainital, Uttarakhand with a capacity of 100 tonnes per day for manufacture of a number of varieties of tissue paper. The process of installation of 12 machines for production of viscose filament yarn is in progress in order to increase the production capacity of viscose filament yarn by about 5 per cent per annum. Further, two existing electrolyzers are being replaced by an energy efficient electrolyzer in the Caustic Soda plant. These improvements involve capital expenditure of about Rs 50 crore. The company is in the process of setting a cement grinding unit named Sonar Bangla Cement at Sagardighi, Murshidabad with the capacity of 1.5 million tonnes per annum. Also, they are in the process of expanding 2.8 million tpa cement manufacturing capacity at Manikgarh Cement, Gadchandur, Distt. Chandrapur, Maharashtra. The Fibre Line (Pulp Plant) with a capacity of 1.62 lac tonnes per annum and Multilayer Packaging Board Plant with a capacity of 1.8 lac tonnes per annum are near completion.

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