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Loyal Textile Mills Ltd.

BSE: 514036 Sector: Industrials
NSE: N.A. ISIN Code: INE970D01010
BSE LIVE 15:38 | 17 Aug 726.00 46.00
(6.76%)
OPEN

699.00

HIGH

726.00

LOW

699.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 699.00
PREVIOUS CLOSE 680.00
VOLUME 11
52-Week high 889.95
52-Week low 515.00
P/E 13.11
Mkt Cap.(Rs cr) 350
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 699.00
CLOSE 680.00
VOLUME 11
52-Week high 889.95
52-Week low 515.00
P/E 13.11
Mkt Cap.(Rs cr) 350
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Loyal Textile Mills Ltd. (LOYALTEXTILE) - Company History

Loyal Textile Mills, the Tamilnadu based company was incorporated in 1946 and has it's plant at Kovilpatti. It manufactures cotton yarn, fabric, hosiery cloth, caps etc.It exports yarn and cloth to the US, Russia, Germany, Spain, Switzerland, UK, Portugal and other countries. The company exports around 27% of its production. Loyal Textiles was the first to introduce tandem carding in the early seventies, and the earliest to introduce air splicing and automatic cone winding technology, which allows sophisticated electronic controls to detect and mend defects in yarn automatically. The company undertook modernisation of it's facility. In 1987, the company has embarked upon an expansion-cum-modernisation project and set up 100 air-jet looms for weaving polyester-blended suitings. The looms were supplied by Loyal Machine Works, a subsidiary. Again in 1998-99, it increased the installed capacity of ring spindles, rotors and automatic looms to 53,492 nos, 3,768 nos and 285 nos respectively. The company has spent Rs.17.33 cr, Rs.5.39 cr and Rs.13.37 cro on modernisation and replacement of machinery during 1998-99, 99-2000 and 2000-01 respectively. The company had set up an Joint Venture company in Italy in the name of M/s Gruppo P&P Loyal Spa. In the year 2000-01, the company has increased it's stake in the JV company to 47.50 %. Apart from this the company has also entered into a JV agreement with M/s Dimco SA, Greece for formation of a JV company in Greece for marketing of Garments during 2000-01. For replacement of machinery/modernisation and installing power plant the company has spent about Rs. 3358.44 lakhs.