Suryalakshmi Cotton Mills Ltd
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Suryalakshmi Cotton Mills Ltd, one of the major players in the textile industry in South has modern spinning units at Amanagallu in Mahboobnagar District in Andhra Pradesh and a 40 million meter denim plant at Ramtek near Nagpur, Maharashtra.Company's spinning unit at Amanagallu has a capacity of 60000 spindles and denim fabric manufacturing unit with a capacity of 40 million meters. Both are operating at 95% capacity utilization. The company’s subsidiary Suryakiran International Ltd, located in the outskirts of Hyderabad, is into the manufacture and export of denim garments.Suryalakshmi’s large transnational network backed by a strong marketing presence ensures quality products to its domestic and international clients.The company is setting up of 25 MW coal-based captive power plant with a cost of Rs1.24bn at Ramtek, Nagpur district, Maharashtra and the same was financed by term loan of Rs. 80 crore from banks, internal generation/promoters contribution of Rs. 44.36 crore. Financial closure for this project has already been completed. The expected C.O.D for the thermal power project is April ‘12.Further, the company has taken up expansion cum replacement under TUF scheme for increasing and replacing the looms with a cost of Rs. 272.5mn at Ramtek, Nagpur district, Maharashtra and the same will be financed by Term Loan of Rs. 180mn from bank, internal generation / promoter’s contribution of Rs. 92.5mn. Financial closure for this scheme has already been completed. The expected C.O.D for this scheme is expected any day now.Decent prospects,one should hold on to the counter for future gains.
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Suryalakshmi Cotton Mills Ltd, one of the major players in the textile industry in South has modern spinning units at Amanagallu in Mahboobnagar District in Andhra Pradesh and a 40 million meter denim plant at Ramtek near Nagpur, Maharashtra.Company's spinning unit at Amanagallu has a capacity of 60000 spindles and denim fabric manufacturing unit with a capacity of 40 million meters. Both are operating at 95% capacity utilization. The company’s subsidiary Suryakiran International Ltd, located in the outskirts of Hyderabad, is into the manufacture and export of denim garments.Suryalakshmi’s large transnational network backed by a strong marketing presence ensures quality products to its domestic and international clients.The company is setting up of 25 MW coal-based captive power plant with a cost of Rs1.24bn at Ramtek, Nagpur district, Maharashtra and the same was financed by term loan of Rs. 80 crore from banks, internal generation/promoters contribution of Rs. 44.36 crore. Financial closure for this project has already been completed. The expected C.O.D for the thermal power project is April ‘12.Further, the company has taken up expansion cum replacement under TUF scheme for increasing and replacing the looms with a cost of Rs. 272.5mn at Ramtek, Nagpur district, Maharashtra and the same will be financed by Term Loan of Rs. 180mn from bank, internal generation / promoter’s contribution of Rs. 92.5mn. Financial closure for this scheme has already been completed. The expected C.O.D for this scheme is expected any day now.Decent prospects,one should hold on to the counter for future gains.
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