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Amarjothi Spinning Mills Ltd.

BSE: 521097 Sector: Industrials
NSE: AMARJOTHI ISIN Code: INE484D01012
BSE 14:05 | 08 Dec 172.00 2.05
(1.21%)
OPEN

173.45

HIGH

173.45

LOW

169.00

NSE 05:30 | 01 Jan Amarjothi Spinning Mills Ltd
OPEN 173.45
PREVIOUS CLOSE 169.95
VOLUME 5419
52-Week high 224.90
52-Week low 144.00
P/E 7.75
Mkt Cap.(Rs cr) 116
Buy Price 172.00
Buy Qty 43.00
Sell Price 172.65
Sell Qty 30.00
OPEN 173.45
CLOSE 169.95
VOLUME 5419
52-Week high 224.90
52-Week low 144.00
P/E 7.75
Mkt Cap.(Rs cr) 116
Buy Price 172.00
Buy Qty 43.00
Sell Price 172.65
Sell Qty 30.00

Amarjothi Spinning Mills Ltd. (AMARJOTHI) - Company History

Incorporated in Dec.'87 Amarjothi Spinning Mills (ASM) was converted into a public limited company in Dec.'91. It was promoted by the Amarjothi group of Tirupur. N Rajan is the Chairman of the company. ASM went public with its maiden issue in Jan.'93 to part-finance a spinning mill to manufacture cotton yarn (inst. cap. : 12096 spindles) in Pudusuripalayam Tamilnadu. To meet part of the project cost ASM issued secured NCDs worth Rs 2.20 cr on a private placement basis. For cotton spinning the company has adopted the ring spinning system. The company has installed the latest textile machineries including blow room carding machines draw frames simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India). ASM completed its first full year of operations in 1994-95 after raising capital through a public issue. In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles.Modernisation programme has been availed by the company to the tune of Rs.340.00 lacs under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles.

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