Asi Industries Ltd Share Price Mining & Mineral products
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Promoted by the Jatias of Rajasthan, Associated Stone Industries (ASIL) is involved in mining and polishing Kotah stone, which is found only in Kotah district, Rajasthan. ASIL, one of the oldest units in this segment, commenced operations in 1945. The company has an enviable record of dividends, sustained consistently since 1945-46, its first year of operations. The bonus record, too, has been excellent. Located at Ramganjmandi near Kotah city in Rajasthan, ASIL can lay claim to 10 sq km of leased mines, consisting of seven plots. Of these seven mines, only one is fully mechanised. The company implemented a Rs 15-cr mechanisation project, financed by term loans and internal accruals. ASIL commissioned its on-line processing and polishing unit at Silvassa without any slippage or cost overrun. It diversified into marble products and is carrying out a geological survey at Kakroli near Udaipur and had set up a plant there. In Apr.'95, Prerna Syntex (PSL), a 100% EOU, was amalgamated with the company, to enable it to diversify into textiles. During 1997-98, Prerna Syntex Plant, 100% EoU located at Neemrana has succesfully installed the capacity of 24960 Spindles to produce 4673 tonnes of Cotton combed hoisery yarn per annum, it has commenced its production from 15th Jan.'97. During the financial year 1999-2000, the company received the approval of Government of India for NRI investment by way of equity shares. The company is planning to import Quantum Clearer machines during the current year 2001-2002. To reduce the cost of production the company is planning to import furnace oil based captive power plant. By importing these machines Production of Contamination free yarn will become possible.