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Indian Card Clothing Company Ltd.

BSE: 509692 Sector: Industrials
NSE: INDIANCARD ISIN Code: INE061A01014
BSE LIVE 13:54 | 24 Nov 189.00 -0.65
(-0.34%)
OPEN

187.85

HIGH

189.00

LOW

187.85

NSE 14:30 | 24 Nov 188.00 0.35
(0.19%)
OPEN

189.10

HIGH

190.35

LOW

188.00

OPEN 187.85
PREVIOUS CLOSE 189.65
VOLUME 201
52-Week high 229.00
52-Week low 170.00
P/E
Mkt Cap.(Rs cr) 86
Buy Price 189.00
Buy Qty 40.00
Sell Price 190.95
Sell Qty 10.00
OPEN 187.85
CLOSE 189.65
VOLUME 201
52-Week high 229.00
52-Week low 170.00
P/E
Mkt Cap.(Rs cr) 86
Buy Price 189.00
Buy Qty 40.00
Sell Price 190.95
Sell Qty 10.00

Indian Card Clothing Company Ltd. (INDIANCARD) - Company History

Indian Card Clothing Company (ICCCL) was incorporated in Jul.'55 as a private limited company. It was converted into a public limited company in Jan.'76. The company was promoted as a joint venture between two British companies -- The English Card Clothing Company and the Carclo Engineering group. ICCCL manufactures card clothing suitable for all types of fibres requiring carding, ie, all the natural fibres and manmade fibres in staple form. It also has a 100% EOU at Ahmedabad. The company came out with a rights issue (premium : Rs 70) aggregating Rs 10.4 cr in Dec.'93, to provide for normal capital expenditure and participated in a joint venture with Spindelfabrik Suessen Schurr, Stahlecker & Grill, Germany, which it had undertook to manufacture of textile machinery equipment. Due to recession in textile industries in the Domestic and Overseas market, the company diversified its project and participate in a Joint Venture with Texmaticc India Ltd, and invested Rs 25 Lac. The Residential housing Project of Nirvan Builders and Developers Ltd. in which company particiapted & received advance for sale of major part of its investment in project. Garnett Wire Ltd, a U.K. Company, in which ICCCL has 60% of issued share capital, this is second year of investment by the ICCCL. The company has maintained ISO 9002 recognition by Bureau Veritas Quality International for Metallic and flexible card clothing & R & D Centre begun to make a contribution to development of newer and improved products and processes. The company is planning to develop new products for carding applications and also improvement in the processes.