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Indo Count Industries Ltd.

BSE: 521016 Sector: Industrials
NSE: ICIL ISIN Code: INE483B01026
BSE 00:00 | 22 Jun 70.65 1.00
(1.44%)
OPEN

69.55

HIGH

72.40

LOW

68.00

NSE 00:00 | 22 Jun 71.00 1.40
(2.01%)
OPEN

69.50

HIGH

72.60

LOW

68.25

OPEN 69.55
PREVIOUS CLOSE 69.65
VOLUME 38911
52-Week high 187.45
52-Week low 66.35
P/E 10.64
Mkt Cap.(Rs cr) 1,395
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 69.55
CLOSE 69.65
VOLUME 38911
52-Week high 187.45
52-Week low 66.35
P/E 10.64
Mkt Cap.(Rs cr) 1,395
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indo Count Industries Ltd. (ICIL) - Company History

Incorporated in Nov.'88 as Vishnu Aluminium, a public limited company, Indo Count Industries (ICIL) acquired its present name in Apr.'90. The company was promoted by A K Jain, S Jain and associates. ICIL went public in Nov.'90 to part-finance a 100% EOU (inst. cap. : 26,208 spindles) to manufacture combed yarn at Gokal Shirgaon in Kolhapur, Maharashtra. The company mainly produces 60's and 2/60's combed cotton yarn. In 1994-95, the installed capacity was increased to 32,256 spindles with the commissioning of 6048 spindles. ICIL has been accredited with the ISO 9002 certification. ICIL further added 18,144 spindles and diversified into grey knitted fabric by installing 8 knitting machines. The scheme, being executed as unit number two, is run by a captive diesel power plant. The project was appraised by IFCI at a cost of Rs.53.6 cr. Part of this cost was met out of the foreign currency loan of US$ 11 mln sanctioned by IFCI. During 1999-2000, the company has been granted financial assistance under Technical Upgradation Fund Scheme for modernizing the spinning mill and for expansion in knitting capacity. To improve its quality,production and productivity the company has initiated modernisation programme for its plant & machinery under TUF scheme. The installed capacity of Spindleage-Cotton Yarn was increased upto 56448 Nos during 2001-02.