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Super Syncotex (India) Ltd.

BSE: 503297 Sector: Industrials
NSE: N.A. ISIN Code: INE542D01017
BSE 05:30 | 01 Jan Super Syncotex (India) Ltd
NSE 05:30 | 01 Jan Super Syncotex (India) Ltd

Super Syncotex (India) Ltd. (SUPERSYNCOTEX) - Company History

Incorporated as a public limited company on 20 Feb.'81 Super Syncotex (India) (SSIL) was promoted in the joint sector by the Rajasthan State Industrial Development and Investment Corporation (RIICOL) B S Sacheti and V S Sancheti. It set up a spinning mill with a complement of 16184 spindles (34 ring frames) at Gulabpura Bhilwara district Rajasthan.SSIL started commercial production in 1983 and in 1986 undertook a balancing-cum-diversification project under which it installed a dyeing plant.Between 1991 and 1993 the company undertook two balancing schemes by adding doubling machines EYCs and autoconers. In 1993 it expanded its capacity by adding 2880 spindles (5 ring frames). In 1994-95 it again expanded its capacity by adding 9576 spindles which was part-financed by a rights issue. Thus the present capacity of the company is 28040 spindles with Schlafhorst 238 autoconers electronic yarn cleaners and TFOs. The company has installed the latest Trumac mixing blow room machines carding machines and Trutzschler drawing machines.In 1995-96 the company increased the installed capacity of polyester vincose blended yarn by 480 nos. The company also received the ISO 9002 certification from The Bureau Of Indian Standards New Delhi.For the modernisation/expansion and installation of heavy fuel oil operated generation set of 3.8 MW IDBI has sanctioned a Term Loan of Rs.1800.00 lacs for the company.