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Ludlow Jute & Specialities Ltd Textiles
(%)
  • NSE
  • BSE

Overview

  • BSE Code 526179
  • NSE Symbol
  • ISIN Demat INE983C01015
  • Book Value (₹) 155.74
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 497.63
  • P/E (TTM) 0.00
  • EPS (TTM) 0.00
  • Div Yield (%) 0.00

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About Ludlow Jute & Specialities Ltd

Aekta Ltd., a wholly-owned subsidiary of Kanoria Chemicals & Industries is into manufacture of jute yarn, webbing, geo-textile poly-jute bags, hessian, etc.

Aekta which commenced activities in Jan 1980 got transferred the Ludlow Jute mill from Kanoria Chemcials & Inds Ltd(KCIL). The Ludlow Jute Mill created and deployed under American ownership in 1921 was executed a strategic acquisition of by KCIL ion 1977. The company upgraded Ludlow Jute Mill through various modernisation schemes sanctioned by financial institutions. The first phase (cost: Rs 5.20 cr) was completed in Jun.'92 and the second in 1993-94. The cotton yarn unit at Gurgaon, Haryana, has 17,020 spindles and 576 rotors.

Aekta strengthened its technological base through modernisation and introduction of new products. It invested in specialised equipment, including circular looms, automatic looms, new-technology spinning frames and other specialised equipment.

It has obtained the ISO 9002 certification for its jute division and is the first mill to have obtained this quality mark for all its products. The scheme of arrangement between Ludlow Securities and the company earlier filed in the court was withdrawn by the company and now a fresh scheme of arrangement is being submitted to the Hon'ble High Court of Calcutta.

The company as part of its restructuring plant has transferred 'Sijberia Division' to its wholly owned subsidiary Ludlow Securities Ltd operative from Oct 10, 2003.

Founded: 1979
Managing Director: Ashish Chandrakant Agrawal
Address: KCI Plaza 4th Floor, 23C Ashutosh Choudhury Avenue, Kolkata, West Bengal, 700019,
HO Tel: 91-033-40506300/6330