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Sri Nachammai Cotton Mills Ltd.

BSE: 521234 Sector: Industrials
NSE: N.A. ISIN Code: INE443E01016
BSE 00:00 | 22 Apr 12.50 0
(0.00%)
OPEN

12.50

HIGH

12.50

LOW

12.50

NSE 05:30 | 01 Jan Sri Nachammai Cotton Mills Ltd
OPEN 12.50
PREVIOUS CLOSE 12.50
VOLUME 1
52-Week high 18.80
52-Week low 9.85
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.50
CLOSE 12.50
VOLUME 1
52-Week high 18.80
52-Week low 9.85
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sri Nachammai Cotton Mills Ltd. (SRINACHACOTT) - Company History

Incorporated in Mar.'80 as a wholly-owned subsidiary of Jawahar Mills Sri Nachammai Cotton Mills (SNCM) was converted into a public limited company in Jun.'82. SNCM was promoted by R M Ramanathan and P Palaniappan. R M Ramanathan is the chairman and P Palaniappan the managing director. The other group companies are Sree Uma Parameshwari Mills Uma Maheshwari Mills etc.SNCM manufactures combed and carded cotton hosiery yarn of counts ranging from 20s to 40s which are used to convert the same into fabric or garments for exports. In Jan.'95 the company made a Rs 7.52-cr public issue (premium : Rs 60) to part-finance the capital expenditure on modernisation and diversification (into wind energy generation) projects and to augment long-term resources for working capital. The cost of the project as estimated by IDBI was Rs 11.80 cr.SNCM markets the bulk of its products to units in Tirupur an active business centre known internationally for its exports of knitted garments and hosiery.During the year 1999-2000 the company has achieved a turnover of Rs.7747.37 lacs as against Rs.7514.95 lacs in the previous year.

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