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Suryalakshmi Cotton Mills Ltd.

BSE: 521200 Sector: Industrials
NSE: SURYALAXMI ISIN Code: INE713B01026
BSE 15:40 | 22 Jan 96.20 -2.15
(-2.19%)
OPEN

98.40

HIGH

99.00

LOW

95.55

NSE 15:31 | 22 Jan 96.85 -1.10
(-1.12%)
OPEN

98.00

HIGH

98.75

LOW

95.15

OPEN 98.40
PREVIOUS CLOSE 98.35
VOLUME 2585
52-Week high 135.45
52-Week low 83.00
P/E 41.65
Mkt Cap.(Rs cr) 160
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 98.40
CLOSE 98.35
VOLUME 2585
52-Week high 135.45
52-Week low 83.00
P/E 41.65
Mkt Cap.(Rs cr) 160
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.