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Himachal Fibres Ltd.

BSE: 514010 Sector: Industrials
NSE: N.A. ISIN Code: INE723D01021
BSE LIVE 15:40 | 19 Sep 6.27 0.75
(13.59%)
OPEN

5.50

HIGH

6.28

LOW

5.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.50
PREVIOUS CLOSE 5.52
VOLUME 20641
52-Week high 20.25
52-Week low 5.00
P/E
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.50
CLOSE 5.52
VOLUME 20641
52-Week high 20.25
52-Week low 5.00
P/E
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Himachal Fibres Ltd. (HIMACHALFIBRES) - Company History

Himachal Fibres is promoted by B K Garodia, a technocrat, in financial collaboration with Himachal Pradesh Mineral and Industrial Development Corporation (HPMIDC). It manufactures cotton and synthetic blended yarns. Production of cotton yarn was started from Jan.'84. In 1985-86, the company achieved full capacity utilisation on 17,664 spindles. In addition, 1536 spindles were installed during the same year. During 1985-86, the company expanded by installing an additional 2976 spindles to the existing capacity. It also set up a dyeing plant and started producing dyed yarn. During 1990-91, a marginal expansion-cum-balancing scheme was introduced whereby autoconers and combers were imported. The company's exports witnessed a consistent growth. It converted itself into an EOU as it exported more than 75% of its production. It acquired the status of Export House from the Government of India in Jan.'95. In view of the accumulated loss of the company having exceeded its net worth as at 31st December, 2000, the company is being referred to the Board of Industrial and Financial Reconstruction (BIFR).