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Kaytee Cotsynth Industries Ltd.

BSE: 512401 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Kaytee Cotsynth Industries Ltd
NSE 05:30 | 01 Jan Kaytee Cotsynth Industries Ltd

Kaytee Cotsynth Industries Ltd. (KAYTEECOTSYNTH) - Company History

The company, a leading B.K. Birla unit, has a well diversified range of activities in the field of textiles, rayon yarn, spun pipes and foundries, refractories, cement and automotive tyres and tubes. The company orginally started with a textile mill at Calcutta in West Bengal which now has a capacity of 13680 spindles. The rayon yarn plant was commissioned in 1969 with a capacity of 4,635 tpa. The company, in 1964, established a plant for the manufacture of cast iron spun pipes and pipe fittings at Bansberia, Hoogly, in West Bengal with a production capacity of 45,000 tpa. In the year 1966, it established the refractory section with a capacity of 36,000 tpa. The company has three cement plants with a capacity of 26,000 tpa each. During 1989-90, it went in for an automobile tyres and tubes project with acapacity of 1.5 million per annum each at Balasore in Orissa. The project was set up in technical collaboration with Pirelli Ltd of London, UK, and commercial production commenced in 1992. In the same year, the company went in for a modernisation and expansion scheme at its rayon yarn, cotton textiles and cement plants. The modernisation scheme was estimated to cost Rs.34 million ($ 1.1 million). The Company has been referred to BIFR as the networth has been completely eroded and had become a Sick Industrial Company under the provisions of SICA,1985.