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Ludlow Jute & Specialities Ltd.

BSE: 526179 Sector: Industrials
NSE: N.A. ISIN Code: INE983C01015
BSE 00:00 | 03 Aug 89.25 -1.55
(-1.71%)
OPEN

91.70

HIGH

91.70

LOW

88.90

NSE 05:30 | 01 Jan Ludlow Jute & Specialities Ltd
OPEN 91.70
PREVIOUS CLOSE 90.80
VOLUME 26859
52-Week high 102.00
52-Week low 70.00
P/E 2975.00
Mkt Cap.(Rs cr) 96
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 91.70
CLOSE 90.80
VOLUME 26859
52-Week high 102.00
52-Week low 70.00
P/E 2975.00
Mkt Cap.(Rs cr) 96
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ludlow Jute & Specialities Ltd. (LUDLOWJUTE) - Company History

Aekta Ltd. a wholly-owned subsidiary of Kanoria Chemicals & Industries is into manufacture of jute yarn webbing geo-textile poly-jute bags hessian etc.Aekta which commenced activities in Jan 1980 got transferred the Ludlow Jute mill from Kanoria Chemcials & Inds Ltd(KCIL). The Ludlow Jute Mill set up under American ownership in 1921 was acquired by KCIL ion 1977. The company upgraded Ludlow Jute Mill through various modernisation schemes sanctioned by financial institutions. The first phase (cost: Rs 5.20 cr) was completed in Jun.'92 and the second in 1993-94. The cotton yarn unit at Gurgaon Haryana has 17020 spindles and 576 rotors. Aekta strengthened its technological base through modernisation and introduction of new products. It invested in specialised equipment including circular looms automatic looms new-technology spinning frames and other specialised equipment. It has obtained the ISO 9002 certification for its jute division and is the first mill to have obtained this quality mark for all its products. The scheme of arrangement between Ludlow Securities and the company earlier filed in the court was withdrawn by the company and now a fresh scheme of arrangement is being submitted to the Hon'ble High Court of Calcutta.The company as part of its restructuring plant has transferred 'Sijberia Division' to its wholly owned subsidiary Ludlow Securities Ltd operative from Oct 10 2003.

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