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Indo Count Industries Ltd.

BSE: 521016 Sector: Industrials
NSE: ICIL ISIN Code: INE483B01026
BSE LIVE 15:40 | 22 Sep 107.05 -8.70
(-7.52%)
OPEN

115.00

HIGH

115.00

LOW

105.85

NSE 15:40 | 22 Sep 107.05 -9.05
(-7.80%)
OPEN

115.30

HIGH

115.30

LOW

105.80

OPEN 115.00
PREVIOUS CLOSE 115.75
VOLUME 340801
52-Week high 209.90
52-Week low 96.35
P/E 10.58
Mkt Cap.(Rs cr) 2,113
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 115.00
CLOSE 115.75
VOLUME 340801
52-Week high 209.90
52-Week low 96.35
P/E 10.58
Mkt Cap.(Rs cr) 2,113
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indo Count Industries Ltd. (ICIL) - Company History

Incorporated in Nov.'88 as Vishnu Aluminium, a public limited company, Indo Count Industries (ICIL) acquired its present name in Apr.'90. The company was promoted by A K Jain, S Jain and associates. ICIL went public in Nov.'90 to part-finance a 100% EOU (inst. cap. : 26,208 spindles) to manufacture combed yarn at Gokal Shirgaon in Kolhapur, Maharashtra. The company mainly produces 60's and 2/60's combed cotton yarn. In 1994-95, the installed capacity was increased to 32,256 spindles with the commissioning of 6048 spindles. ICIL has been accredited with the ISO 9002 certification. ICIL further added 18,144 spindles and diversified into grey knitted fabric by installing 8 knitting machines. The scheme, being executed as unit number two, is run by a captive diesel power plant. The project was appraised by IFCI at a cost of Rs.53.6 cr. Part of this cost was met out of the foreign currency loan of US$ 11 mln sanctioned by IFCI. During 1999-2000, the company has been granted financial assistance under Technical Upgradation Fund Scheme for modernizing the spinning mill and for expansion in knitting capacity. To improve its quality,production and productivity the company has initiated modernisation programme for its plant & machinery under TUF scheme. The installed capacity of Spindleage-Cotton Yarn was increased upto 56448 Nos during 2001-02.