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Shri Dinesh Mills Ltd.

BSE: 503804 Sector: Industrials
NSE: SHRIDINESH ISIN Code: INE204C01024
BSE 00:00 | 26 Feb 325.05 -3.65
(-1.11%)
OPEN

330.50

HIGH

333.00

LOW

320.00

NSE 05:30 | 01 Jan Shri Dinesh Mills Ltd
OPEN 330.50
PREVIOUS CLOSE 328.70
VOLUME 1861
52-Week high 333.00
52-Week low 76.10
P/E 43.05
Mkt Cap.(Rs cr) 182
Buy Price 316.30
Buy Qty 25.00
Sell Price 332.95
Sell Qty 1.00
OPEN 330.50
CLOSE 328.70
VOLUME 1861
52-Week high 333.00
52-Week low 76.10
P/E 43.05
Mkt Cap.(Rs cr) 182
Buy Price 316.30
Buy Qty 25.00
Sell Price 332.95
Sell Qty 1.00

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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