Summary
Himachal Fibres Ltd (HCL) was incorporated on 20th February 1980 in Delhi. The Company was promoted by B K Garodia, a technocrat, in financial collaboration with Himachal Pradesh Mineral and Industrial Development Corporation (HPMIDC). Presently, the Company manufactures cotton textile yarn such Synthetic yarn, Dyed yarn etc.The Company belongs to the then Birlas (Yash) Group. In 1984, the Company came out as a Public Company - 10,10,045 No. of Equity shares taken up by promoters, etc. including (HPMIDC). 25-11% Pref. shares allotted to promoters, etc. 16,19,955 No. of equity shares issued at par of which 89,955 No. of Equity shares reserved and allotted to HPMIDC. The balance 15,30,000 shares were offered to the public in Dec. 1984. In 1994, it was the first Spinning Mill in India to convert as 100% Export Oriented Unit from a Domestic Tariff Area unit. The Company was a pioneer in the development of speciality yarns and exports of value added items and is engaged in manufacturing of grey/dyed cotton/Synthetics yarns with different blends. Production of cotton yarn was started from Jan.84. In 1985-86, the company achieved full capacity utilisation on 17,664 spindles. In addition, 1536 spindles were installed during the same year. During 1985-86, the company expanded by installing an additional 2976 spindles to the existing capacity. It also set up a dyeing plant and started producing dyed yarn. During 1990-91, a marginal expansion-cum-balancing scheme was introduced whereby... Read More
Reports by Himachal Fibres Ltd
Reports by Himachal Fibres Ltd
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