Deepak Spinners Ltd

Deepak Spinners Ltd

Deepak Spinners Limited was incorporated in Mar.'82. The Company promoted by P K Daka is a manufacturer of Synthetic Staple Fibres Yarn Man-made Fibres blended yarn. It has two spinning units located at Guna (Madhya Pradesh) and Baddi (Himachal Pradesh).In 1994-95 the company installed 2304 spindles and related machines along with two imported auto-coners TFO dyeing plant boiler etc. The first phase of the company's 100% EOU Deepak Polyspin (cap.: 8640 spindles) was installed in 1995. The second phase (cap.: 8640 spindles) was also completed.During 96-97 the company expanded the installed capacity from 56256 to 62016 Spindles. During 1998-99. it also also installed two nos. imported Autoconers at Baddi unit. The company is planning to set up captive power plant for its Guna Unit with a view to reduce power costs. It has also obtained sanction for financial assistance under TUF.The Company established Power division at Guna Unit by installing a power plant of 3 MW capacity based on biomass fuel which commissioned in March 2004.During the year 2013 Company divested its entire shareholding in DSL Hydrowatt Limited and as such this company no longer remaineda subsidiary of Company. In 2015 it completed major renovation / replacement of machinery at both plants at a cost of Rs 10 crores; completed project of Guna plant capacity expansion by installing 14112 spindles together with related machinery and accessories; completed the Dye House expansion at Baddi Unit.During the year 2018 modernization and complete renovation of boiler and cooling tower of power plant at Guna was completed to improve efficiency and to reduce operational costs. It spent about Rs 6 crores on modernization and upgradation at both plants of the Company in 2019-20.During the year 2021-22 66 KV electricity connection at Baddi plant was commissioned with investments costing Rs 11.34 crores.