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Ludlow Jute & Specialities Ltd.

BSE: 526179 Sector: Industrials
NSE: N.A. ISIN Code: INE983C01015
BSE LIVE 15:59 | 08 Dec 86.25 -0.55
(-0.63%)
OPEN

85.65

HIGH

88.95

LOW

85.25

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 85.65
PREVIOUS CLOSE 86.80
VOLUME 6535
52-Week high 132.00
52-Week low 74.55
P/E 40.30
Mkt Cap.(Rs cr) 93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 85.65
CLOSE 86.80
VOLUME 6535
52-Week high 132.00
52-Week low 74.55
P/E 40.30
Mkt Cap.(Rs cr) 93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ludlow Jute & Specialities Ltd. (LUDLOWJUTE) - Company History

Aekta Ltd., a wholly-owned subsidiary of Kanoria Chemicals & Industries is into manufacture of jute yarn, webbing, geo-textile poly-jute bags, hessian, etc. Aekta which commenced activities in Jan 1980 got transferred the Ludlow Jute mill from Kanoria Chemcials & Inds Ltd(KCIL). The Ludlow Jute Mill set up under American ownership in 1921 was acquired by KCIL ion 1977. The company upgraded Ludlow Jute Mill through various modernisation schemes sanctioned by financial institutions. The first phase (cost: Rs 5.20 cr) was completed in Jun.'92 and the second in 1993-94. The cotton yarn unit at Gurgaon, Haryana, has 17,020 spindles and 576 rotors. Aekta strengthened its technological base through modernisation and introduction of new products. It invested in specialised equipment, including circular looms, automatic looms, new-technology spinning frames and other specialised equipment. It has obtained the ISO 9002 certification for its jute division and is the first mill to have obtained this quality mark for all its products. The scheme of arrangement between Ludlow Securities and the company earlier filed in the court was withdrawn by the company and now a fresh scheme of arrangement is being submitted to the Hon'ble High Court of Calcutta. The company as part of its restructuring plant has transferred 'Sijberia Division' to its wholly owned subsidiary Ludlow Securities Ltd operative from Oct 10, 2003.