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Patspin India Ltd.

BSE: 514326 Sector: Industrials
NSE: PATSPINLTD ISIN Code: INE790C01014
BSE LIVE 09:33 | 24 Nov 32.20 -0.55
(-1.68%)
OPEN

31.25

HIGH

32.50

LOW

31.15

NSE 09:19 | 24 Nov 31.00 -1.60
(-4.91%)
OPEN

31.60

HIGH

31.60

LOW

31.00

OPEN 31.25
PREVIOUS CLOSE 32.75
VOLUME 20215
52-Week high 43.95
52-Week low 9.16
P/E 40.76
Mkt Cap.(Rs cr) 100
Buy Price 31.80
Buy Qty 50.00
Sell Price 32.20
Sell Qty 251.00
OPEN 31.25
CLOSE 32.75
VOLUME 20215
52-Week high 43.95
52-Week low 9.16
P/E 40.76
Mkt Cap.(Rs cr) 100
Buy Price 31.80
Buy Qty 50.00
Sell Price 32.20
Sell Qty 251.00

Patspin India Ltd. (PATSPINLTD) - Company History

Incorporated in 1991, Patspin India was promoted by GTN Textiles under the leadership of B K Patodia as its chairman and Umang Patodia as its managing director. Patspin India set up a 100% EOU to manufacture medium and fine counts, combed or gassed yarn, with financial assistance from Itochu Corporation, Japan, and Kerala State Industrial Development Corporation. The company tapped the capital market in Nov.'93 to part-finance the project. Patspin has undertaken a two-phase expansion project which includes diversification into twisting, knitting and other value-added products with the available infrastructure. In 1996, the second phase of expansion of 2016 spindles was fully implemented. It also completed the expansion of capacity in Unit "B" by 16128 spindles in Dec'96. This expansion with 100% combing capacity is being set up at the cost of Rs 50 cr. The company exports to Japan, Italy, Israel, the UK, Mauritius, etc. It has made applications for recognition as an Export House. In 1996, the company received the coveted ISO 9002 (IS-14002) certification from Bureau Veritas Quality International (BVQI). During 1999-2000, the textile ministry has launched Textile Upgradation Fund which provides 5% interest susbsidy on the loans eligible and hence the company has undertaken the project at a cost of Rs.1065 lacs for both modernisation and upgradation of technology. Compact Spinning Technology, a new technology which was introduced during the last year has been well received in International Markets due to this the Company continues to expand its capacity in the current year (2001) also.