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SEL Manufacturing Company Ltd.

BSE: 532886 Sector: Industrials
NSE: SELMCL ISIN Code: INE105I01012
BSE 00:00 | 08 Mar SEL Manufacturing Company Ltd
NSE 05:30 | 01 Jan SEL Manufacturing Company Ltd
OPEN 1.14
PREVIOUS CLOSE 1.14
VOLUME 685133
52-Week high 3.60
52-Week low 0.49
P/E
Mkt Cap.(Rs cr) 38
Buy Price 1.24
Buy Qty 5526.00
Sell Price 1.14
Sell Qty 20466.00
OPEN 1.14
CLOSE 1.14
VOLUME 685133
52-Week high 3.60
52-Week low 0.49
P/E
Mkt Cap.(Rs cr) 38
Buy Price 1.24
Buy Qty 5526.00
Sell Price 1.14
Sell Qty 20466.00

SEL Manufacturing Company Ltd. (SELMCL) - Company History

The Company was initially incorporated under the name Saluja Exim Ltd as a public limited company on May 8 2000. It is a part of the R S Saluja Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja Group has been in existence for more than 35 years having facilities for manufacture of yarns fabrics garments. In the year 2003 the company name was changed to SEL Manufacturing Company Ltd.The company has vertically integrated multi-product textile company manufacturing and exporting cotton yarn knitted fabrics and knitted garments. The company is production facilities located in Ludhiana in Punjab and Baddi in Himachal Pradesh. To cater to target exports markets the company has opened representative offices in Russia and Dubai. Presently majority of garments is exported to Russia and U.A.E. The company has operating with a consolidated capacity to manufacture 6 million garment pieces per annum and capacities in cotton yarn fabric knitting and fabric processing & dyeing are at approximately 49056 spindles (11088 tons yarns per annum) 4050 tons per annum of fabric knitting per annum and 3000 tons per annum of fabric processing & dyeing respectively.The Company was admitted as a 99% partner in M/s S E Exports ('Firm') from April 1 2005 with two Promoters viz. Mr. Dhiraj Saluja and Mrs. Reema Saluja as the other two partners with 0.5% stake each vide partnership deed dated April 1 2005. M/s S E Exports is a partnership firm constituted vide a partnership deed dated May 14 2001. The Firm has engaged in the business of manufacture of value added knitted garments having production facilities located in the tax free zone in Baddi in Himachal Pradesh.Saluja Processors Private Limited (SPPL) and Saluja Fabrics Limited (SFL) both forming part of the R S Saluja Group were merged with Company w.e.f April 1 2004. Both SPPL and SFL were involved in the business of spinning knitting dyeing & manufacturing of polyester textured yarn and manufacture and exports of readymade garments.June 2006 the Company has acquired the 100% EOU Spinning Unit of Saluja Cotex Private Limited SCPL). SCPL forms part of the R S Saluja Group of companies and is engaged in the business of textile. In 2007 the company has acquired land & building along with 150 garmenting machines ('assets') of a garmenting unit of Utkarsh Apparels situated in Ludhiana.