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Shri Dinesh Mills Ltd.

BSE: 503804 Sector: Industrials
NSE: SHRIDINESH ISIN Code: INE204C01024
BSE LIVE 19:29 | 19 Oct 135.00 1.40
(1.05%)
OPEN

135.00

HIGH

135.00

LOW

135.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 135.00
PREVIOUS CLOSE 133.60
VOLUME 1
52-Week high 164.00
52-Week low 100.00
P/E 77.59
Mkt Cap.(Rs cr) 69
Buy Price 130.50
Buy Qty 11.00
Sell Price 135.00
Sell Qty 599.00
OPEN 135.00
CLOSE 133.60
VOLUME 1
52-Week high 164.00
52-Week low 100.00
P/E 77.59
Mkt Cap.(Rs cr) 69
Buy Price 130.50
Buy Qty 11.00
Sell Price 135.00
Sell Qty 599.00

Shri Dinesh Mills Ltd. (SHRIDINESH) - Company History

Incorporated in 1935 in Vadodara, today Shri Dinesh Mills (DHL) is a name to reckon with in the world of woollen suitings. It has also diversified into manufacture of paper-makers' felts, industrial fabrics and basic chemicals, electroplating, etc. For felt, it has a technical collaboration with Albany International, Canada. As a result of this technology, the company produces and supplies the most modern types of paper-makers' felts, asbestos felts and industrial felts. During 1996-97, Indian paper industries were in painful crises due to rise in input costs and stiff increase in imports of finished paper. Crises in the paper industry continued especially on account of reduction in the customs duty of imported papers which has been reduced to 20% from 65%. During 1997-98, a joint venture Company has been formed under the title of McGean Rohco dinesh Pvt Ltd. The shareholders have approved the Assets Transfer Agreement for the sale of the Platewel division to the said joint venture company, Where the company will be holding majority 51% share. M/s McGean Rohco Inc will be holding the remaining 49% share. The said joint venture company will be able to not only upgrade its technology to international level but will also enable it to expand and diversify number of products in the said field of Metal finishing chemicals. The joint venture Company has started functioning from 1.4.1999.