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Nahar Spinning Mills Ltd.

BSE: 500296 Sector: Industrials
NSE: NAHARSPING ISIN Code: INE290A01027
BSE 00:00 | 21 Jan 595.45 -12.80
(-2.10%)
OPEN

616.90

HIGH

620.00

LOW

580.10

NSE 00:00 | 21 Jan 593.90 -13.60
(-2.24%)
OPEN

607.50

HIGH

609.90

LOW

591.00

OPEN 616.90
PREVIOUS CLOSE 608.25
VOLUME 6025
52-Week high 652.70
52-Week low 71.30
P/E 6.70
Mkt Cap.(Rs cr) 2,147
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 616.90
CLOSE 608.25
VOLUME 6025
52-Week high 652.70
52-Week low 71.30
P/E 6.70
Mkt Cap.(Rs cr) 2,147
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Nahar Spinning Mills Ltd. (NAHARSPING) - Company History

Incorporated in 1980 Nahar Spinning Mills to set up a worsted spinning unit and a hosiery unit at Ludhiana. The company manufactures and exports cotton hosiery garments woollen knitwear and textiles and cotton and synthetic yarn. The company's units are located at various places in Ludhiana. The worsted yarn produced by the unit at Sherpur Ludhiana is captively consumed. It also has its own dyeing unit equipped with modern machinery at Ludhiana. It set up a new spinning unit to manufacture cotton/synthetic yarn at Simrai Mandideep Madhya Pradesh.In 1984 it was accorded the status of a recognised Export House for its export performance. From 1994 the Government of India deemed it a recognised Trading House. In 1995 it decided to put up an Acrylic Fibre Project of 18000 tons capacity as a measure of backward integration the total cost of project amounted to Rs 207.43 cr which was financed by Rights issue of Secured Premium Convertible Bonds with warrants. Due to continues fall in share prices resulted into shortfall for funding of the project. The board in Aug'97 decided to shleve the project and utilise the balance available money collected for this project in a more profitable venture of spinning and garment industries.During 1999-2000 the 100% export oriented spinning unit at village Jalalpur Distt. Patiala commenced commercial production. The Company has already installed 16128 Spindles and balance 12096 spindles are under erection. The Company is putting up a Mercerising-cum-Dyeing Plant at Village Lalru Distt. Patiala Punjab.The 1st phase of the Company's Mercerising cum Dyeing Plant commenced commercial production on 15th September2000. The second phase of expansion of Mercerising unit was completed and the installed capacity of the unit stands incresed to Approx 4500 Kg per day. During 2002-03 the company has replaced old machinery with the Ultra Modern Machinery at a cost Rs.15 crores.

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