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Indian Card Clothing Company Ltd.

BSE: 509692 Sector: Industrials
NSE: INDIANCARD ISIN Code: INE061A01014
BSE LIVE 15:41 | 18 Aug 181.70 -2.75
(-1.49%)
OPEN

177.05

HIGH

184.70

LOW

177.00

NSE 15:31 | 18 Aug 179.75 -2.20
(-1.21%)
OPEN

180.70

HIGH

180.70

LOW

178.00

OPEN 177.05
PREVIOUS CLOSE 184.45
VOLUME 432
52-Week high 268.90
52-Week low 175.10
P/E
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 177.05
CLOSE 184.45
VOLUME 432
52-Week high 268.90
52-Week low 175.10
P/E
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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.