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Lambodhara Textiles was incorporated as a private limited company in Mar.'94 and was converted into a public limited company in Oct.'94. It was promoted by R Santosh. The company has its factory at Thazhaiyuthu (Palani taluk), Tamilnadu. The company started its manufacturing operations by taking over a sick unit which was sold by the Tamilnadu Industrial Investment Corporation in May '94. It is engaged in the manufacture of yarn, with a capacity of 4644 spindles with 2700 kg pd spinning capacity in 20s carded yarn. In 1994-95, the company completed an expansion project to install 5760 spindles more with an additional capacity of 3700 kg pd, taking the total capacity to 10,404 spindles with a capacity of 6400 kg pd. A public issue was made to the extent of Rs.120 lacs to part finance the company's expansion programme which the company undertook in 1995. The installed capacity of Polyster Cotton Blended Yarn was increased from 11348 Spindles to 12736 Spindles in 2000-2001. It is also in the process of expanding the capacity to 15816 spindles. |
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