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Rajapalayam Mills Ltd.

BSE: 532503 Sector: Industrials
NSE: RAJPALAYAM ISIN Code: INE296E01026
BSE LIVE 15:40 | 26 Sep 1059.65 -9.65
(-0.90%)
OPEN

1060.05

HIGH

1060.05

LOW

1051.05

NSE 00:00 | 29 Jan Stock Is Not Traded.
OPEN 1060.05
PREVIOUS CLOSE 1069.30
VOLUME 2622
52-Week high 1120.00
52-Week low 448.00
P/E 20.89
Mkt Cap.(Rs cr) 782
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1060.05
CLOSE 1069.30
VOLUME 2622
52-Week high 1120.00
52-Week low 448.00
P/E 20.89
Mkt Cap.(Rs cr) 782
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rajapalayam Mills Ltd. (RAJPALAYAM) - Company History

A manufacturer of yarn of different counts, Rajapalayam Mills (RML) has been functioning successfully for six decades. During 1990-91, the company set up an export-oriented spinning mill. The entire output of high quality yarn produced here is being taken up by Mitsubishi Corporation, Japan. It has been decided to implement another export-oriented project. Technological guidance will be provided by Unitaka, Japan, which is a large producer of yarn, fabrics and other related products. During 1994-95, as part of its modernisation programme, RML installed five crosrol cards imported from the UK and two ring spinning frames in place of the old equipment. To reduce dependence on conventional energy sources, it has installed five 250-KW wind electric generators in Muppandal, Nagarcoil. As part of its diversification plans, it is setting up a tissue culture unit - Shri Ramco Biotech - as a division of the existing company, to produce ornamental and orchard plants for the export and domestic markets. During 1995-96, RML commissioned its second 100% EOU spinning mill with an installed capacity of 11,520 spindles. The formalities regarding amalgamation of M/s Jayaram Mills Ltd with the company, asper the order of honourable High Court of Chennai has been completed. As per the scheme 750 shares of Rs 100 each were allotted to the shareholders of Jayaram Mills Ltd. The EOU - Rajapalaiyam Textiles was expanded by 3024 spindles at a cost of Rs 5 crs which is financed by Term Loan/NCDs and Internal Accruals, the addition of these spindles is expected to be completed by August, 1998. The Tissue Culture Unit which was started last year has started its commercial production during May 2000 and have started exporting Plantlets to various countries.Modernisation programme has been taken up at a cost of Rs.24 crores with the assistance from SBI under the Technology Upgradation Fund Scheme.HFO Power Plant has started commissioned 4 Nos 900 KW & 4 Nos 770 KW MAN B&W HFO Gensets.Due to this there is a substantial saving in Electricity Cost. Under the modernisation programme, during 2001-02, the company has added the state-of-the-art textile machinery at a cost of Rs.15.81 crores by taking financial assistance from State Bank of India and ICICI Ltd under Technology Upgradation Fund(TUF) Scheme. It has installed a new textile machine at a cost of Rs.11.30 crores under the TUF in 2002-03.