SIL Investments Ltd share Price

Incorporated in 1933, Sutlej Industries Ltd., formerly known as Sutlej Cotton Mills (SCML), engaged in spinning, processing and pressing of cotton. The company`s unit, Rajasthan Textile Mills, was awarded the certificate of merit by the President of India for achieving a meritorious performance in the field of exports in 1991-92. It was also recognised by the Synthetic and Rayon Textile Export Promotion Council for achieving the highest exports in polyester/cotton blended yarn category for 1991-92. In 1995-96, it undertook an expansion of 6048 spindles at its Kathua unit. The company is exploring the possibility of setting up a denim fabric project as a part of the diversification programme. The company issued 2 lac 18% Non Convertible Debentures of Rs 100 each to Army Group Insurance Fund by way of private placement. The company was granted ISO 9002:1994 certification in respect of unit Nos. 4 & 5 of its unit Chenab Textile Mills, Kathua. In 1999-2000, the company completed its expansion of Chenab Textile Mills, Kathua by addition of 7680 spindles. It started commercial production from 1st February, 2000.The Company successfully completed modernisation-cum-upgradation scheme for both the units under the Technology Upgradation Fund Scheme. The Company has made satisfactory progress by setting up a Fabric project commercial operations was started on September 2000. The company is planning for a modernization programme in 2003-04 with an capital outlay of Rs.32 crores. In 2002-03 it has spent Rs.35.50 crores for modernising its Bhawanimandi,Kathua & Bhilad plants.