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Suryalakshmi Cotton Mills Ltd.

BSE: 521200 Sector: Industrials
NSE: SURYALAXMI ISIN Code: INE713B01026
BSE 00:00 | 21 Jun 54.50 0
(0.00%)
OPEN

52.65

HIGH

54.90

LOW

52.65

NSE 00:00 | 22 Jun 54.05 -0.60
(-1.10%)
OPEN

55.50

HIGH

55.50

LOW

53.45

OPEN 52.65
PREVIOUS CLOSE 54.50
VOLUME 3660
52-Week high 118.35
52-Week low 51.25
P/E 26.08
Mkt Cap.(Rs cr) 91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 52.65
CLOSE 54.50
VOLUME 3660
52-Week high 118.35
52-Week low 51.25
P/E 26.08
Mkt Cap.(Rs cr) 91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suryalakshmi Cotton Mills Ltd. (SURYALAXMI) - Company History

A part of the Suryalakshmi group, Suryalakshmi Cotton Mills (SCML) was incorporated in 1962 and manufactures cotton and synthetic yarn with two units in Mahaboobnagar district, Andhra Pradesh. L N Agarwal is the Chairman and Managing Director. SCML spent about Rs 40 cr on modernisation of its units in the past. A 100% export-oriented spinning mill with a capacity of 25,000 spindles was set up at Andhra Pradesh at a cost of Rs.70 Cr. The company exported its products to highly quality-conscious markets like Spain and Belgium and has established its presence in Bangladesh and Korea. In 1995-96, first phase of denim project at Ramtek, Maharashtra, for 113.10 crs was set up, and the project was financed with foreign currency loan of 54.46 cr, rupee term loan of 10.03 cr and rights cum public issue of 40.56 cr in Sep'96. To resturcture its debt the company has to issue Cumulative Preference Shares to IDBI for Rs.4.00 crores and to IFCI for Rs.2.72 crores.