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Super Spinning Mills Ltd.

BSE: 521180 Sector: Industrials
NSE: SUPERSPIN ISIN Code: INE662A01027
BSE 11:30 | 06 May 6.58 0.27
(4.28%)
OPEN

6.59

HIGH

6.62

LOW

6.51

NSE 11:16 | 06 May 6.50 0.30
(4.84%)
OPEN

6.50

HIGH

6.50

LOW

6.50

OPEN 6.59
PREVIOUS CLOSE 6.31
VOLUME 60836
52-Week high 6.62
52-Week low 3.12
P/E
Mkt Cap.(Rs cr) 36
Buy Price 6.55
Buy Qty 940.00
Sell Price 6.58
Sell Qty 500.00
OPEN 6.59
CLOSE 6.31
VOLUME 60836
52-Week high 6.62
52-Week low 3.12
P/E
Mkt Cap.(Rs cr) 36
Buy Price 6.55
Buy Qty 940.00
Sell Price 6.58
Sell Qty 500.00

Super Spinning Mills Ltd. (SUPERSPIN) - Company History

Super Spinning Mills (SSML) was incorporated in 1962 and commercial production of cotton yarn commenced in Apr.'64 with an initial installed capacity of 12000 spindles. The installed capacity was increased to 50548 spindles by 1981. SSML set up its second unit at Kotnur Andhra Pradesh with an initial capacity of 28800 spindles. The company expanded its installed capacity at the second unit to 51480 spindles in 1991. In 1992 it set up its 100% EOU at Gudalur (Tamilnadu) with an installed capacity of 10080 spindles. The company's expansion programme was financed by financial institutions. It offered rights at a premium of Rs 10 per share to augment long-term resources for meeting the additional long-term capital requirements.All the three units of the company was awarded the ISO 9002 accreditation by BVQI. The company has received Board of Trustee of ICMF's Birla Economic and Textile Research Foundation award for Quality Management & Best Management Award for 1998-99 from Andhra Pradesh Government.To make the management effective and utilization of resources the two subsidiaries companies M/s Standard General Finance Ltd and M/s SGF Investment company Ltd were merged with Super Spinning Mills Ltd. In January2002 the Garments Division has started SARA Apparels and Fashions a new division to produce 'Polo 'T' Shirts. Foreseeing the future prognosis the company is planning to set up one more Garment unit in Thekkalur Village in Coimbatore District.

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