Mahendra Petrochemicals Ltd.
| BSE: 514160 |
Sector: Industrials |
| NSE: MAHENDSUIT |
ISIN Code: INE452H01010 |
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BSE
05:30 | 01 Jan
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Mahendra Petrochemicals Ltd
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NSE
05:30 | 01 Jan
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Mahendra Petrochemicals Ltd
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Mahendra Petrochemicals Ltd. (MAHENDSUIT) - Company History
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Incorporated as Mahendra Polyesters Pvt Ltd it was converted into a public limited company on 9 Jun.'89 and got its present name Mahendra Suitings. In 1998 its name was changed to Mahendra Petrochemicals Ltd. Getting fabrics woven on a job-work basis and marketing them under the Mahendra Suitings brand name the company set up a plant to manufacture the same in 1989-90. MSL exports a major quantity to the Gulf African and North American countries. Moreover a number of readymade garment exporters to Europe use the company's fabrics. In 1994 MSL diversified into the manufacture of partially oriented polyester filament yarn (POPFY) from PET chips. Other companies in the Arya group are JBF Industries Blue Blends (India) Jay Bharat Fabric Mills and Blue Blend Petro Chemicals. In 1995-96 the company successfully commissioned its POY plant and commenced production.In 1999-2000 the entire networth of the company has eroded and the company has become a sick company within the meaning of SICA 1985 and is required to refer the situation to the BIFR.
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