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Winsome Yarns Ltd.

BSE: 514348 Sector: Industrials
NSE: WINSOME ISIN Code: INE784B01035
BSE 00:00 | 16 Apr 1.02 0
(0.00%)
OPEN

1.02

HIGH

1.02

LOW

1.02

NSE 15:40 | 23 Apr 0.80 0.05
(6.67%)
OPEN

0.70

HIGH

0.80

LOW

0.70

OPEN 1.02
PREVIOUS CLOSE 1.02
VOLUME 20
52-Week high 1.94
52-Week low 1.02
P/E
Mkt Cap.(Rs cr) 7
Buy Price 1.02
Buy Qty 1.00
Sell Price 1.02
Sell Qty 44.00
OPEN 1.02
CLOSE 1.02
VOLUME 20
52-Week high 1.94
52-Week low 1.02
P/E
Mkt Cap.(Rs cr) 7
Buy Price 1.02
Buy Qty 1.00
Sell Price 1.02
Sell Qty 44.00

Winsome Yarns Ltd. (WINSOME) - Company History

Incorporated on 19 Jul.'90, Winsome Yarns was promoted by Winsome Textile Industries in the joint sector with the Punjab State Industrial Development Corporation. The company manufactures combed and carded cotton yarn of different counts ranging from 20s to 40s. Its products are mainly used by the knitting and weaving industries for making various fabric. The company came out with a public issue in Oct.'93 to part-finance the cost of setting up a 100% export-oriented spinning mill with 23,040 spindles to manufacture cotton yarn. The unit commenced commercial production with effect from 1 Apr.'94. Due to the change in the product-mix requirement, some balancing equipment was acquired and installed, for which the company obtained financial assistance from an equipment financing scheme of IFCI. Company has implementing capacity addition of 25824 spindles. The additional capacity has been financed by internal accruals and term loans from IFCI & Canara Bank. Company is confident that commercial production has been commenced from 1st April, 1999. The company is planning to go buy-back of shares and process is going on.