Suryaamba Spinning Mills Ltd share Price

Suryaamba Spinning Mills Ltd is one of the well-known producers of Yarn. The company is basically into manufacturing of Synthetic blended yarns of Polyester / Viscose, 100% Polyester and 100% Viscose with counts ranging from 20s to 45s. Currently, they have one manufacturing unit with a capacity of 31,104 spindles. The unit is located at Mouza-Nayakund in the state of Maharashtra which is ISO certified. The company`s clients in India are primarily cloth manufacturers and cater to some of the finest brand labels worldwide and hence almost the entire production is directly or indirectly exported. Suryaamba Spinning Mills Ltd was incorporated on May 5, 2007. As per the scheme of arrangement, the assets and liabilities of Nayakund, Ramtek, Nagpur Spinning Unit of Suryalata Spinning Mills Ltd was transferred to and vested in the company with effect from June 30, 2007. The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from September 3, 2009. The company is implementing expansion plan by addition of 12,096 Spindles adjacent to the existing plant premises at an estimated cost of Rs 35 crore. In that, the company started commercial production with 3024 spindles and is hoping to start entire production of 12096 spindles during the year financial year 2011-12.