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Siyaram Silk Mills Ltd.

BSE: 503811 Sector: Industrials
NSE: SIYSIL ISIN Code: INE076B01028
BSE 00:00 | 08 Mar 206.80 -2.05
(-0.98%)
OPEN

213.05

HIGH

215.75

LOW

205.00

NSE 00:00 | 08 Mar 207.80 -0.60
(-0.29%)
OPEN

210.20

HIGH

216.75

LOW

204.45

OPEN 213.05
PREVIOUS CLOSE 208.85
VOLUME 12588
52-Week high 229.70
52-Week low 94.00
P/E
Mkt Cap.(Rs cr) 969
Buy Price 205.00
Buy Qty 346.00
Sell Price 212.00
Sell Qty 60.00
OPEN 213.05
CLOSE 208.85
VOLUME 12588
52-Week high 229.70
52-Week low 94.00
P/E
Mkt Cap.(Rs cr) 969
Buy Price 205.00
Buy Qty 346.00
Sell Price 212.00
Sell Qty 60.00

Siyaram Silk Mills Ltd. (SIYSIL) - Company History

Incorporated in Jun.'78 as a private limited company Siyaram Silk Mills (SSML) was converted into a public limited company in 1980. The company belongs to the Siyaram-Poddar group. Other group companies are Balkrishna Industries and Govind Rubber. Siyaram Finance is SSML's subsidiary.The company manufactures and markets textiles cotton woollen synthetics and synthetic blends etc. The main product of SSML is polyester blended worsted fabrics. In Jul.'93 SSML came out with a Rs 15.37-cr rights issue of 18% PCDs to part-finance the Rs 16.56 cr expansion-cum-modernisation project.In 1998-99 the company installed 4 Sulzer Looms at Silvassa and 8 Dornier Looms at Tarapur Plants at a total cost of Rs 232 Lacs. During 2000-01 the company has installed 16 Air Jet Looms along with the other preparatory machines at its silvassa plant. The total cost of the project is Rs.35 crores and this has been partly financed by bank and balance through internal accruals of the company. The balance 24 looms has commenced its commercial production in 2002-03.

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