Pasupati Spinning & Weaving Mills Ltd share Price Today

Pasupati Spinning & Weaving Mills (PSWML), promoted by Ramesh Kumar Jain in 1979, manufactures Synthetic Blended Yarn/Cotton Yarn and Polyster Viscose with installed capacities of 26000 spindles and 25000 spindles respectively. The cotton yarn unit is a 100% EOU which commenced commercial production in Mar.`93 which was part-financed by a rights issue of PCDs in Oct.`91. PSWML offered PCDs on rights basis in Oct.`93 to install an additional 12480 spindles to manufacture synthetic blended yarn. This increased the total capacity to 39480 spindles. Commercial production started in Apr.`95 and the cost was Rs 25.11 cr. This project has undergone a sea change due to certain infrastructural problems. In 1995-96, it increased the installed capacity of synthetic blended yarn by adding 1920 spindles, with a capital outlay of Rs 14 cr. It has diversified into manufacture 100% polyester sewing thread for which it has installed a new unit at Kheri, Himachal Pradesh, with 13440 spindles at a capital outlay of about Rs 29 cr. Project was part financed by a rights issue. The company also increased the installed capacity of cotton yarn by 16128 spindles. In 2000 the company plans to the installed capacity of 100% EOU for Cotton Yarn to 30000 spindles with a capital outlay of Rs 40 crores. But due to the economic situation the operations of Haryana unit got jeopardised so the company could not proceed further in expansion.