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Tamarai Mills Ltd.

BSE: 531443 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Tamarai Mills Ltd
NSE 05:30 | 01 Jan Tamarai Mills Ltd

Tamarai Mills Ltd. (TAMARAIMILLS) - Company History

Tamarai Mills (TML), earlier known as Coimbatore Kamala Mills, went into commercial production in 1936 with 6000 spindles, subsequently increased to 25,744. Initially, the paid-up capital was Rs 2.78 lac, which was subsequently increased to Rs 315.18 lac. From a low-productivity and poor-quality manufacturer suffering high labour costs and lack of market focus, TML today is a sound company characterised by high productivity and international standards of quality, with an excellent marketing strategy. Its modernisation was financed by a rights issue (premium : Rs 10) in 1993. In addition, a private placement of shares (premium : Rs 65) was made. The company's main strategy is modernisation. A bonus issue (1:2) was made in Apr.'94. Tamarai Mills boasts the most advanced Bonas electronic jacquards and electronic dobbys fitted on 320-cm-wide Somet looms. Also, installed at the weaving unit is a yarn dyeing plant designed by Dalal-Obermaire with an advanced effluent treatment plant and a colour removal system.