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Shri Dinesh Mills Ltd.

BSE: 503804 Sector: Industrials
NSE: SHRIDINESH ISIN Code: INE204C01024
BSE 10:04 | 05 Aug 540.00 -15.00
(-2.70%)
OPEN

536.00

HIGH

551.00

LOW

536.00

NSE 05:30 | 01 Jan Shri Dinesh Mills Ltd
OPEN 536.00
PREVIOUS CLOSE 555.00
VOLUME 15
52-Week high 598.00
52-Week low 86.05
P/E 40.12
Mkt Cap.(Rs cr) 302
Buy Price 536.00
Buy Qty 1.00
Sell Price 563.95
Sell Qty 45.00
OPEN 536.00
CLOSE 555.00
VOLUME 15
52-Week high 598.00
52-Week low 86.05
P/E 40.12
Mkt Cap.(Rs cr) 302
Buy Price 536.00
Buy Qty 1.00
Sell Price 563.95
Sell Qty 45.00

Shri Dinesh Mills Ltd. (SHRIDINESH) - Company History

Incorporated in 1935 in Vadodara today Shri Dinesh Mills (DHL) is a name to reckon with in the world of woollen suitings.It has also diversified into manufacture of paper-makers' felts industrial fabrics and basic chemicals electroplating etc. For felt it has a technical collaboration with Albany International Canada. As a result of this technology the company produces and supplies the most modern types of paper-makers' felts asbestos felts and industrial felts.During 1996-97 Indian paper industries were in painful crises due to rise in input costs and stiff increase in imports of finished paper. Crises in the paper industry continued especially on account of reduction in the customs duty of imported papers which has been reduced to 20% from 65%. During 1997-98 a joint venture Company has been formed under the title of McGean Rohco dinesh Pvt Ltd. The shareholders have approved the Assets Transfer Agreement for the sale of the Platewel division to the said joint venture company Where the company will be holding majority 51% share. M/s McGean Rohco Inc will be holding the remaining 49% share. The said joint venture company will be able to not only upgrade its technology to international level but will also enable it to expand and diversify number of products in the said field of Metal finishing chemicals.The joint venture Company has started functioning from 1.4.1999.

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