K G Denim Ltd share Price

Incorporated as a public limited company in Jun.`92, K G Denim (KGDL) was promoted by K G Naidu and Kannapiran Mills to set up a unit to manufacture denim fabric with an installed capacity of 10.5 mln mtr pa at Jadayam palayam in Tamilnadu. Commercial production started in Jan.`94. It produces denim fabric of different sizes, shades, weaves, blends and weights. The colours include indigo blue, sulphur black, light blue, green, violet, orange, yellow and purple. KGDL exports are to the EU, the US, Canada, Australia, etc. KGDL supplies denim fabric to major indigenous manufacturers like Levi`s, Lee, Proline and Park Avenue. The company has expanded the captive ring and open-end spinning plants, a co-generation power plant at a cost of Rs.165 crores. KGDL has launched its brand of jeans -- Trigger -- marketed as nonsense jeans. It is available in Karnataka, Tamilnadu and Maharashtra. During 1995-96, the company has also ambitious plans to market garments and has launched brand building campaign. In 1996-97, the company has set up a 100% EOU and increased the capacity upto 19 million meters per annum. This expansion budget amounted to Rs. 4200 lakhs and company has till now spent Rs. 2729 lakhs. The project has been successfully commissioned on 16th May 1997. ISO 14001 Certification from KPMG Quality, Registrar - Holland was obtained during the year 1999-2000 and continues to be a forerunner in the industry by obtaining international quality standards for environment management system.