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Nahar Polyfilms Ltd.

BSE: 523391 Sector: Industrials
NSE: NAHARPOLY ISIN Code: INE308A01027
BSE 12:23 | 05 Mar 94.40 -1.40
(-1.46%)
OPEN

97.65

HIGH

97.80

LOW

94.40

NSE 12:13 | 05 Mar 94.55 -1.40
(-1.46%)
OPEN

97.40

HIGH

98.10

LOW

94.00

OPEN 97.65
PREVIOUS CLOSE 95.80
VOLUME 1534
52-Week high 106.30
52-Week low 24.00
P/E 5.03
Mkt Cap.(Rs cr) 232
Buy Price 94.25
Buy Qty 200.00
Sell Price 94.95
Sell Qty 66.00
OPEN 97.65
CLOSE 95.80
VOLUME 1534
52-Week high 106.30
52-Week low 24.00
P/E 5.03
Mkt Cap.(Rs cr) 232
Buy Price 94.25
Buy Qty 200.00
Sell Price 94.95
Sell Qty 66.00

Nahar Polyfilms Ltd. (NAHARPOLY) - Company History

Incorporated as a public limited company in Nov.'88 Nahar Exports was promoted by the Oswals and their associates. To begin with the company started manufacturing and exporting cotton hosiery garments and knitwear. To integrate backward the company set up a spinning unit (inst. cap. : 25000 spindles) which was completed in Aug.'92. By Nov.'94 its spindleage increased to 40128.It set up a new spinning unit (inst.cap.: 25000 spindles). To part-finance the project the company came out with a rights issue in Sep.'94. Cotton yarn and synthetic yarn manufactured by the company is mainly used as a raw material in the manufacturing of hosiery textiles woollen garments furnishing fabrics etc. The major users of the company's products are the knitting industry the handloom sector and the weaving industry. The company has an obligation to export part of its production against import of capital equipments. The company exports to the UK Switzerland Germany Australia Taiwan Hong Kong etc. The efforts made by the company to achieve its goal is evident from the rapid improvement in its export performance. In 1994-95 the company was awarded the ISO 9002 certification by the Bureau of Indian Standards.During 1995-96 the installation of new spinning unit of 25000 spindles is in progress. In 1998-99 it installed 24960 spindles at it 100% EOU at Village Lehli-Lalru Patiala Dist Punjab and has replaced 7056 spindles as a part of its modernisation plan.The company has implemented a modernisation & upgradation scheme for both its Spinning units at Village Jitwal Kalan & Rishab Spinning Mills. The total capital outlay for the scheme is Rs.19.00 crores and is being part financed by way of loan of Rs.15.00 crores and rest by internal accruals. Besides it has decided to install 2 Gen sets with a capacity of 3 MW at cost of Rs.13.00 crores. The installation of the Gen sets is expected in the second quarter of the 2003-04.

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