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Suryalata Spinning Mills Ltd.

BSE: 514138 Sector: Industrials
NSE: N.A. ISIN Code: INE132C01027
BSE LIVE 15:40 | 20 Sep 132.05 -0.05
(-0.04%)
OPEN

131.25

HIGH

136.00

LOW

131.25

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 131.25
PREVIOUS CLOSE 132.10
VOLUME 530
52-Week high 199.20
52-Week low 123.00
P/E 6.49
Mkt Cap.(Rs cr) 56
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 131.25
CLOSE 132.10
VOLUME 530
52-Week high 199.20
52-Week low 123.00
P/E 6.49
Mkt Cap.(Rs cr) 56
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suryalata Spinning Mills Ltd. (SURYALATASPG) - Company History

Suryalata Spinning Mills (SSML) was incorporated in May '83 in Hyderabad. The company has a modern plant at Kaluakurthy, Andhra Pradesh, with an installed capacity of 17,152 spindles and 672 rotors for the manufacture of cotton yarn and blended yarn. It has another plant at Ramtek in Maharashtra. SSML commenced commercial production in 1986-87. In May '92, the company came out with zero-interest fully convertible debentures to part-finance the cost of setting up another plant as well as to modernise the existing one. As on 31 Mar.'95, it had an installed capacity of 25,077 ring spindles and 672 rotors. The modernisation of the Kaluakurthy unit was completed. The company undertook an expansion programme at Kaluakurthy and Ramtek to install 6048 spindles and 3600 spindles respectively at a cost of Rs 10 cr. During 1997-98 the modernisation and expansion programme at its two units at Kalwakurthy & Ramtek was completed an schedule and started operating on expanded capacity. The expansion programme for the year 2000 to increase the spindleage by 12000 No has been completed at Kalwakurthy and Ramtek. In 2002-03 the company undertook modernisation of its plant at an estimated outlay of Rs.733.15 lakhs. The modernisation project is being funded by way of Term loans from UCO bank under the TUF and the balance through contribution by promoters and internal accurals. The project is expected to be completed at the end of the current financial year.