Shree Rajasthan Syntex Ltd Share Price Textiles
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Incorporated in 1979, Shree Rajasthan Syntex (SRSL) was promoted by V K Ladia, S C Agarwal and S R Jain along with RIICO. Currently, R P Goyal is the Chairman, V K Ladia is the Vice Chairman and in Jan.'92, SRSL came out with a rights issue at a premium of Rs 15, aggregating Rs 6.94 cr, to part-finance the capital cost of the polypropylene multifilament yarn project in Jaipur. The company manufactures 100% viscose spun yarn, 100% acrylic spun yarn and polyester viscose blended yarn. It has its plants at Dungarpur and Bagru in Rajasthan. Its major clients include Siyaram Silk Mills, Gwalior Rayon and the powerloom sector. SRSL has entered into an MoU with Teppich-Werk Neumunster, Germany, for export of 800 tpa of one of the proposed products of its diversification. The diversification into polypropylene multi-filament yarn will adopt technology developed by Neumag, Germany. In 1998-99, the company had made a scheme of installation of 4 nos autoconers, 4 nos TFOs, 2 nos draw frames, 12 nos cards, 2 nos DT machines, 1 no uster tester and DG sets etc at a total cost of Rs 926 lacs which is financed through TUFS loan and internal accruals. During 1999-2000, Shree Shyam Filaments, Division of the company has been granted the quality system certificates - ISO 9002 for the manufacture and supply of Polypropylene Multifilament yarns for domestic and export makets. The company has established markets in Turkey,Egypt,Germany & Kenya. It is tapping the markets of Syria and Jordan.