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Suryalakshmi Cotton Mills Ltd.

BSE: 521200 Sector: Industrials
NSE: SURYALAXMI ISIN Code: INE713B01026
BSE LIVE 15:40 | 20 Nov 90.80 1.75
(1.97%)
OPEN

89.25

HIGH

91.00

LOW

88.50

NSE 15:59 | 20 Nov 89.15 -0.10
(-0.11%)
OPEN

92.25

HIGH

92.25

LOW

88.10

OPEN 89.25
PREVIOUS CLOSE 89.05
VOLUME 5205
52-Week high 141.00
52-Week low 83.00
P/E 11.48
Mkt Cap.(Rs cr) 151
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 89.25
CLOSE 89.05
VOLUME 5205
52-Week high 141.00
52-Week low 83.00
P/E 11.48
Mkt Cap.(Rs cr) 151
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suryalakshmi Cotton Mills Ltd. (SURYALAXMI) - Company History

A part of the Suryalakshmi group, Suryalakshmi Cotton Mills (SCML) was incorporated in 1962 and manufactures cotton and synthetic yarn with two units in Mahaboobnagar district, Andhra Pradesh. L N Agarwal is the Chairman and Managing Director. SCML spent about Rs 40 cr on modernisation of its units in the past. A 100% export-oriented spinning mill with a capacity of 25,000 spindles was set up at Andhra Pradesh at a cost of Rs.70 Cr. The company exported its products to highly quality-conscious markets like Spain and Belgium and has established its presence in Bangladesh and Korea. In 1995-96, first phase of denim project at Ramtek, Maharashtra, for 113.10 crs was set up, and the project was financed with foreign currency loan of 54.46 cr, rupee term loan of 10.03 cr and rights cum public issue of 40.56 cr in Sep'96. To resturcture its debt the company has to issue Cumulative Preference Shares to IDBI for Rs.4.00 crores and to IFCI for Rs.2.72 crores.