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Marathon Nextgen Realty Ltd.

BSE: 503101 Sector: Infrastructure
NSE: MARATHON ISIN Code: INE182D01020
BSE 00:00 | 23 Jan 94.00 0
(0.00%)
OPEN

89.05

HIGH

96.00

LOW

89.05

NSE 00:00 | 24 Jan 93.70 -0.75
(-0.79%)
OPEN

94.05

HIGH

95.75

LOW

92.25

OPEN 89.05
PREVIOUS CLOSE 94.00
VOLUME 3122
52-Week high 159.80
52-Week low 56.70
P/E 14.69
Mkt Cap.(Rs cr) 432
Buy Price 89.50
Buy Qty 20.00
Sell Price 104.00
Sell Qty 3.00
OPEN 89.05
CLOSE 94.00
VOLUME 3122
52-Week high 159.80
52-Week low 56.70
P/E 14.69
Mkt Cap.(Rs cr) 432
Buy Price 89.50
Buy Qty 20.00
Sell Price 104.00
Sell Qty 3.00

Marathon Nextgen Realty Ltd. (MARATHON) - Company History

Piramal Spinning & Weaving Mills (PSWML) was incorporated in Jan 1978 and later in Jun 1979 it was amalgamated with Mahadevi Invesment Company. The has it's business interest in textiles and manufactures cotton fabrics, synthetic fabric and cotton yarn. from it's factories at Lower Parel, Mumbai Ambarnath both in Maharashtra and Surat in Gujarat. The company had completed the first phase of modernisation project including the new process house at Ambarnath at a cost of Rs.372.26 lacs and the new process house was fully operational in 1983-84. The third phase of modernisation programme was completed at a cost of Rs.400 lacs and the fourth phase was completed in 1990-91 at a cost of Rs.298 lacs. In Sep.'92, the company came out with a debenture issue to part-finance its fifth phase of the modernisation programme. With effect from 1 Apr.'91, the Niranjan Mills (Niranjan) was amalgamated with the company pursuant to a scheme processed under the Sick Industrial Companies (Special provisions) Act, 1985. The rehabilitation programme with retrospective effect was sanctioned by the BIFR. The higlights are a) The company's 3 main division has been demerged into 3 distinctive entities. 2) The assets/libailities of both the company as well as Niranjan Mills together has been transferred to in Niranjan Piramal Textile Mills Limited from October,2001. The Ambernath processing unit has been transferred to Pyarelal Textiles Limited from October,2001.3) It has also co-opted M/s Ithaca Informatics Pvt Ltd to develop the property at Lower Parel Unit. Subsequent to all this the share capital of the company has reduced to Rs.92.59 lacs. The shareholders of the erstwhile Piramal Spg & Wvg Mills Ltd was alloted one share in each of the 3 companies for every 3 shares held by them. The name of the company was changed to Marath Nextgen Realty & Textiles Ltd.