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Veejay Lakshmi Engineering Works Ltd.

BSE: 522267 Sector: Industrials
NSE: N.A. ISIN Code: INE466D01019
BSE 00:00 | 18 May 53.00 0.30
(0.57%)
OPEN

53.00

HIGH

54.70

LOW

53.00

NSE 05:30 | 01 Jan Veejay Lakshmi Engineering Works Ltd
OPEN 53.00
PREVIOUS CLOSE 52.70
VOLUME 455
52-Week high 80.00
52-Week low 36.00
P/E 27.04
Mkt Cap.(Rs cr) 27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 53.00
CLOSE 52.70
VOLUME 455
52-Week high 80.00
52-Week low 36.00
P/E 27.04
Mkt Cap.(Rs cr) 27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Veejay Lakshmi Engineering Works Ltd. (VEEJAYLAKENG) - Company History

Incorporated in Aug.'74 Veejay Lakshmi Engineering Works (VLEWL) has been promoted by V J Jayaraman and his family. It manufactures textile machinery particularly twisting machines and textile spinning machinery and two-for-one twisters for spun yarn. The company has diversified into cotton yarn manufacture for the domestic and global markets.The textile process house at Mettupalayam was set up initially to produce/process 600 kg pd each of dyed/bleached yarn. It has installed four windmills each of 225 KVA capacity at Kethanur in Coimbatore Tamil Nadu to facilitate its future plans. To provide a smooth transition into yarn manufacture it acquired a running textile mill at Udumalpet producing fine count yarn. The 7696 spindles mill was modernised and spindle strength progressively increased to 11520 in 1994-95. The new mill at Mettupalayam Tamil Nadu is working at full capacity (15360 spindles) from Mar.'96.The company obtained the ISO 9002 certification from TUV Germany for its engineering unit at Sengalipalayam unit and ISO 9001 certification for its engineering unit at Kariampalayam.The company's new project to manufacture automatic cone winders for which it has entered into a joint venture with Savio Machine Tessili Italy has commenced production. The company is concentrating on the indigenous development of the components for which order has been placed for import of laser cutting machine from Japan.The company is also taking efforts to promote the twisting machines in Mexico Egypt Turkey and Indonesia. The textile units are also now concentrating more on the export market and the company will aim for 100% exports in textile units. In 1999-2000 the company received a Special award for exports of Textile machinery from the federation of Indian Textile Engineering Industry.

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