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Nahar Spinning Mills Ltd.

BSE: 500296 Sector: Industrials
NSE: NAHARSPING ISIN Code: INE290A01027
BSE LIVE 12:59 | 15 Dec 107.90 1.45
(1.36%)
OPEN

109.70

HIGH

109.70

LOW

107.25

NSE 13:28 | 15 Dec 108.00 1.20
(1.12%)
OPEN

109.00

HIGH

109.25

LOW

107.10

OPEN 109.70
PREVIOUS CLOSE 106.45
VOLUME 1301
52-Week high 164.00
52-Week low 98.50
P/E
Mkt Cap.(Rs cr) 389
Buy Price 107.90
Buy Qty 64.00
Sell Price 108.85
Sell Qty 232.00
OPEN 109.70
CLOSE 106.45
VOLUME 1301
52-Week high 164.00
52-Week low 98.50
P/E
Mkt Cap.(Rs cr) 389
Buy Price 107.90
Buy Qty 64.00
Sell Price 108.85
Sell Qty 232.00

Nahar Spinning Mills Ltd. (NAHARSPING) - Company History

Incorporated in 1980, Nahar Spinning Mills to set up a worsted spinning unit and a hosiery unit at Ludhiana. The company manufactures and exports cotton hosiery garments, woollen knitwear and textiles, and cotton and synthetic yarn. The company's units are located at various places in Ludhiana. The worsted yarn produced by the unit at Sherpur, Ludhiana, is captively consumed. It also has its own dyeing unit, equipped with modern machinery, at Ludhiana. It set up a new spinning unit to manufacture cotton/synthetic yarn at Simrai, Mandideep, Madhya Pradesh. In 1984, it was accorded the status of a recognised Export House for its export performance. From 1994, the Government of India deemed it a recognised Trading House. In 1995, it decided to put up an Acrylic Fibre Project of 18000 tons capacity, as a measure of backward integration the total cost of project amounted to Rs 207.43 cr which was financed by Rights issue of Secured Premium Convertible Bonds with warrants. Due to continues fall in share prices resulted into shortfall for funding of the project. The board in Aug'97 decided to shleve the project and utilise the balance available money collected for this project in a more profitable venture of spinning and garment industries. During 1999-2000, the 100% export oriented spinning unit at village Jalalpur, Distt. Patiala, commenced commercial production. The Company has already installed 16128 Spindles and balance 12096 spindles are under erection. The Company is putting up a Mercerising-cum-Dyeing Plant at Village Lalru, Distt. Patiala, Punjab. The 1st phase of the Company's Mercerising cum Dyeing Plant commenced commercial production on 15th September,2000. The second phase of expansion of Mercerising unit was completed and the installed capacity of the unit stands incresed to Approx 4500 Kg per day. During 2002-03 the company has replaced old machinery with the Ultra Modern Machinery at a cost Rs.15 crores.