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Riba Textiles Ltd.

BSE: 531952 Sector: Industrials
NSE: N.A. ISIN Code: INE811H01017
BSE 00:00 | 24 May 106.50 12.45
(13.24%)
OPEN

92.50

HIGH

108.90

LOW

92.00

NSE 05:30 | 01 Jan Riba Textiles Ltd
OPEN 92.50
PREVIOUS CLOSE 94.05
VOLUME 139998
52-Week high 140.00
52-Week low 64.00
P/E 12.16
Mkt Cap.(Rs cr) 103
Buy Price 102.25
Buy Qty 200.00
Sell Price 108.00
Sell Qty 9.00
OPEN 92.50
CLOSE 94.05
VOLUME 139998
52-Week high 140.00
52-Week low 64.00
P/E 12.16
Mkt Cap.(Rs cr) 103
Buy Price 102.25
Buy Qty 200.00
Sell Price 108.00
Sell Qty 9.00

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.