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Radhika Spinning Mills Ltd.

BSE: 521252 Sector: Industrials
NSE: N.A. ISIN Code: INE938B01011
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Radhika Spinning Mills Ltd. (RADHIKASPINNING) - Company History

Incorporated in 1993 in New Delhi, Radhika Spinning Mills is promoted by Dinesh K Aggarwal, Ashok K Aggarwal and Umesh K Aggarwal. The company set up a cotton yarn manufacturing unit at Hansi, Haryana, with an installed capacity of 39.20 lac kg pa. It came out with a public issue in Feb.'95 to part-finance the project. Commercial production commenced in 1995. The company has a buy-back and equity investment agreement with Promotion Articles Distributors, Hongkong, for exporting 25% of the commercial production for a period of 5 years and equity investment of US $ 1,00,000. Another 35% of its production is for captive consumption by group concerns. The company expanded one of its unit by installing four open-end machines thereby increasing the installed capacity to 6711 tpa.The company had set up facilities for manufacturing of 2791 MTPA (1296 rotors) denim quality carded cotton yarn of 7s ,14s,20s, and 2/20 s counts to increased its installed capacity to manufacture yarn from 5160 MTPA (1120 rotors) to 7951 MTPA (2416 rotors) at its existing site at Hansi. The expansion project undertaken involves very advanced technology of O.E. Spinning. It has Schlafhorst Auto colors which are equipped with Auto piercing, Auto doffing and yarn monitoring systems like electronic cleansers, length measuring, etc.