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Surat Textile Mills Ltd.

BSE: 530185 Sector: Industrials
NSE: N.A. ISIN Code: INE936A01025
BSE 00:00 | 07 Aug 2.62 0.01
(0.38%)
OPEN

2.69

 HIGH

2.69

 LOW

2.48
NSE 05:30 | 01 Jan Surat Textile Mills Ltd
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OPEN 2.69
PREVIOUS CLOSE 2.61
VOLUME 153537
52-Week high 4.20
52-Week low 0.81
P/E 7.49
Mkt Cap.(Rs cr) 58
Buy Price 2.62
Buy Qty 250.00
Sell Price 2.63
Sell Qty 657.00
OPEN 2.69
CLOSE 2.61
VOLUME 153537
52-Week high 4.20
52-Week low 0.81
P/E 7.49
Mkt Cap.(Rs cr) 58
Buy Price 2.62
Buy Qty 250.00
Sell Price 2.63
Sell Qty 657.00

Surat Textile Mills Ltd. (SURATTEXTILE) - Company History

Incorported in 1945, Surat Textile Mills (STML), formerly known as Garden Cotton and Yarn, manufactures yarn and cloth. The company's three manufacturing plants are Located in Surat, Gujarat. In Mar.'95, it issued rights shares at a premium and FCDs. During 1994-95, STML privately placed secured redeemable PCDs with financial institutions. The above proceeds were utilised for the company's expansion cum modernisation programme which it undertook by installing 25,200 spindles and manufactured PFY having a installed capacity of 17,500 TPA. The above expansion were completed and production was started in 1996. The polycondensation unit commenced commercial production of Fibre grade Polyester Chips in 1996. The implementation of the POY Spinning project has been set up into two two phases due to demand recession. The company's yarn doubling and grassing project at silvassa became fully operational during 1996-97. In 1998 the company installed 12,384 spindles of synthetic fibre at Vareli and production started in the same year.

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