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Riba Textiles Ltd.

BSE: 531952 Sector: Industrials
NSE: N.A. ISIN Code: INE811H01017
BSE 00:00 | 18 Sep 34.00 0.30
(0.89%)
OPEN

32.25

HIGH

34.65

LOW

32.25

NSE 05:30 | 01 Jan Riba Textiles Ltd
OPEN 32.25
PREVIOUS CLOSE 33.70
VOLUME 30607
52-Week high 62.00
52-Week low 21.30
P/E 4.53
Mkt Cap.(Rs cr) 33
Buy Price 32.25
Buy Qty 10.00
Sell Price 34.00
Sell Qty 95.00
OPEN 32.25
CLOSE 33.70
VOLUME 30607
52-Week high 62.00
52-Week low 21.30
P/E 4.53
Mkt Cap.(Rs cr) 33
Buy Price 32.25
Buy Qty 10.00
Sell Price 34.00
Sell Qty 95.00

Riba Textiles Ltd. (RIBATEXTILES) - Company History

Incorporated in Jan.'89 as a private limited company and subsequently converted into public limited company in Jul.'94, Riba Textiles was promoted by Ravinder Garg and his family. The company is engaged in the manufacture of terry towels at Chidana (Panipat district), Haryana. Commercial production commenced in Jan.'92. In 1995-96, the company undertook an expansion-cum-backward integration programme to increase the installed capacity from 250 tpa to 1499 tpa; and also to set up an open-end spinning plant with a capacity of 768 rotors, for the manufacture of cotton yarn for captive consumption. The company is also installing its own dyeing facility. In Mar.'96, the company issued shares to the public to part-finance its expansion-cum-backward integration project. The company is a registered 100% EOU. During 1996-97, foreign exchange earned by the company is amounting to Rs. 7.67 cr.