Katare Spinning Mills Ltd Share Price Textiles
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Katare Spinning Mills, incorporated on August 8, 1980 at Solapur in Maharashtra. The company manufactures textiles. It engages in spinning and cotton blending operations. Katare Spinning Mills offers cotton and synthetic yarn and is based in Solapur, India. The company was promoted by Tulsidas T Katare and members of his family. The company manufactures cotton yarn. It set up a spinning mill with an installed capacity of 25,088 spindles at Tamalwadi, Dist. Osmanabad for the manufacture of cotton yarn of count 20s and 2/20s. By January 1983, 6,000 spindles were installed. The balance spindleage was commissioned in April 1984. The company set up a new spinning unit with 12,500 spindles for the manufacture of synthetic yarn. This unit was set up adjacent to the existing unit at Tamalwadi. In the year 1987, the company entered into an agreement to purchase land within city limits of Solapur to set up a hotel and the financial institutions agreed to finance the project. In the year 1990, 7,168 spindles were installed and commissioned. The balance spindles were installed during 1991-92. In the year 1995, the knitting unit was established. In order to put the captive use of quality yarn produced by the company, it was proposed to set up cotton yarn knitting unit in the adjacent premises of the existing factory.