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Suditi Industries Ltd.

BSE: 521113 Sector: Industrials
NSE: SUDITIND ISIN Code: INE691D01012
BSE LIVE 15:40 | 22 Sep 70.15 -1.30
(-1.82%)
OPEN

71.25

HIGH

74.50

LOW

70.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 71.25
PREVIOUS CLOSE 71.45
VOLUME 24140
52-Week high 86.50
52-Week low 36.25
P/E 52.74
Mkt Cap.(Rs cr) 118
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 71.25
CLOSE 71.45
VOLUME 24140
52-Week high 86.50
52-Week low 36.25
P/E 52.74
Mkt Cap.(Rs cr) 118
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suditi Industries Ltd. (SUDITIND) - Company History

Suditi Industries (SIL), earlier known as Suditi Hosiery Processors, was incorporated as a public limited company in 1990. SIL manufactures 100% cotton knitted fabric and Polar fleece fabric. The company produces processed and finished fabric. SIL has also set up a knitting division with an investment of Rs 31 cr with financial assistance from IDBI. The project commissioning was delayed by six months coupled with initial teething troubles at the plant. The capacity of the project has been further increased with the addition of eighteen sets of machines in Jan.'96. The company has entered into a MoU with DXB Knits, Dubai, to buy back at least 75% of the production. The company proposes to undertake further expansion of the existing processing and knitting capacities in 1996-97, by investing around Rs 40 cr. In 1994-95, the company fulfilled the export obligation of Rs 17.10 cr undertaken under the EPCG scheme. On the basis of its export performance, the company was awarded the status of an Export House in Jun.'95. In 1996-97 the company undertook an expansion programme of Fabrics with the total project cost estimated to be Rs 30.75 crores. It was part financed by a term loan from IDBI of Rs 18.50 crores. The project is expected to be completed by Mar-Apr 1998. The company is proposed to set up its own garment manufacturing division to manufacture the garments and made-ups directly for exports. During the year 1999-2000, the company's proposed expansion programme has reached the final stage of completion and the entire new factory building is ready and has been put into use for storage and despatch purposes.