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Super Spinning Mills Ltd.

BSE: 521180 Sector: Industrials
NSE: SUPERSPIN ISIN Code: INE662A01027
BSE LIVE 15:57 | 23 Oct 15.25 0.10
(0.66%)
OPEN

15.90

HIGH

15.90

LOW

15.10

NSE 15:31 | 23 Oct 15.25 0.10
(0.66%)
OPEN

15.70

HIGH

15.70

LOW

15.00

OPEN 15.90
PREVIOUS CLOSE 15.15
VOLUME 13271
52-Week high 22.10
52-Week low 10.26
P/E
Mkt Cap.(Rs cr) 84
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.25
Sell Qty 12.00
OPEN 15.90
CLOSE 15.15
VOLUME 13271
52-Week high 22.10
52-Week low 10.26
P/E
Mkt Cap.(Rs cr) 84
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.25
Sell Qty 12.00

Super Spinning Mills Ltd. (SUPERSPIN) - Company History

Super Spinning Mills (SSML) was incorporated in 1962 and commercial production of cotton yarn commenced in Apr.'64, with an initial installed capacity of 12,000 spindles. The installed capacity was increased to 50,548 spindles by 1981. SSML set up its second unit at Kotnur, Andhra Pradesh, with an initial capacity of 28,800 spindles. The company expanded its installed capacity at the second unit to 51480 spindles in 1991. In 1992, it set up its 100% EOU at Gudalur (Tamilnadu) with an installed capacity of 10,080 spindles. The company's expansion programme was financed by financial institutions. It offered rights at a premium of Rs 10 per share to augment long-term resources for meeting the additional long-term capital requirements. All the three units of the company was awarded the ISO 9002 accreditation by BVQI. The company has received Board of Trustee of ICMF's Birla Economic and Textile Research Foundation award for Quality Management & Best Management Award for 1998-99 from Andhra Pradesh Government. To make the management effective and utilization of resources the two subsidiaries companies M/s Standard General Finance Ltd and M/s SGF Investment company Ltd were merged with Super Spinning Mills Ltd. In January,2002 the Garments Division has started, SARA Apparels and Fashions a new division to produce 'Polo 'T' Shirts. Foreseeing the future prognosis the company is planning to set up one more Garment unit in Thekkalur Village in Coimbatore District.