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ISIN No
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INE904J01016
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BSE Code / NSE Code
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533103 / JINDCOT
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Book Value (Rs.)
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41.71
|
Face Value
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10.00
|
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Bookclosure
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30/09/2023
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52Week High
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5
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EPS
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0.43
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P/E
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5.83
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Market Cap.
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11.25 Cr.
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52Week Low
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2
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P/BV / Div Yield (%)
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0.06 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| Our Company was incorporated as Jindal Cotex Limited under the Companies Act, 1956 on
February 18, 1998 in the state of Punjab registered with the Registrar of Companies, Punjab,
Himachal Pradesh and Chandigarh at Jalandhar vide Company registration No: 16-21084 and
Corporate Identification No: U17115B1998PLC021084. The Registered Office of Our Company is
situated at V.P.O. Jugiana, G. T. Road, Ludhiana - 141 420, Punjab. The Certificate of
Commencement of Business was obtained on February 20, 1998. The current Promoters of our
Company are Mr. Sandeep Jindal, Mr. Yash Paul Jindal, Mr. Rajinder Jindal and Mr. Ramesh
Jindal.
Our Company has been promoted by Mr. Sandeep Jindal, Mr. Yash Paul Jindal, Mr. Rajinder
Jindal and Mr. Ramesh Jindal along with other members of the Jindal family for setting up a
spinning unit for the manufacture of Synthetic Yarns. Our Company initially set up 6912 spindles
and started manufacturing acrylic yarns under the trade name `JINDAL' which came into
commercial production in May 1999. Our Company thereafter, ventured into polyester yams &
further explored the markets of New Delhi, Bhilwara & Maharashtra. Starting from 6912 spindles
in 1999 our Company has expanded its capacity to 23472 spindles.
Our company has also set up a wind mill of 1250KW in Village Pithla, Distt Jaisalmer, Rajasthan
in the year 2007-08. We have entered into power purchase agreement with Ajmer Vidut Vitran
Nigam Ltd. for the sale of electricity generated for 20 years.
Our Milestones
Year Activities
1998 Our Company was incorporated under the name and style as Jindal Cotex Limited
1999 Our Company established its first plant with a capacity of 6912 spindles and
started commercial of synthetic yarns production in May 1999.
2001 Our Company expanded its capacity by another 2880 spindles. Our Company
started making polyester yarn.
2002 Our Company again expanded its capacity by establishing 1728 spindles.
2003 Added 1152 spindles thereby taking the total capacity to 12672 spindles
2003 Our Company received ISO 9001:2000 from TUV
2003 Our Company expanded its capacities to 18720 Spindles from 12672 spindles by
adding 6048 spindles
2006 Our Company expanded its capacities to 23472 Spindles from 18720 spindles by
adding 4752 spindles.
2006 Our Company expanded its product range as it introduced polyester cotton
blended yarn both combed and carded. Our Company's product range included
acrylic, polyester, polyester viscose, polyester cotton yarns.
2006 Our Company started exports of yarn mainly of polyester cotton
2007 Our Company initiated planning for major expansion (mega project) to take the
capacity of spindles to about 75000 and also adding yarn dyeing and garmenting
facilities
2007 Our Company started implementation of first phase of its mega project in October,
2007 at Village Mandiala Kalan, Bija, Dist. Ludhiana
2008 Company's achieved status of Mega Project for its expansion plan
2008 Our Company achieve financial close for its mega project from term lending banks
2008 Commissioned wind mill with a capacity of 1250 kw at Jaisalmer, Rajasthan
2008 Our Company established two 100% owned subsidiaries namely Jindal Medicot
Limited for implementing a project to manufacture specialized medical textile
products and Jindal Specialty Textiles Limited for implementing a project to
manufacture technical textile product viz. Coated/Banner Fabrics.
2009 -Listing of equity shares of Jindal Cotex Ltd in the list of 'B' Group Securities.
2012 -Mr. Rajesh Sharma has been appointed as Non Executive & Independent Director of the company.
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