Jindal Cotex Ltd was incorporated in the year 1998. The company initially set up 6912 spindles and started manufacturing acrylic yarns under the trade name Jindal. The company thereafter, ventured into polyester yarns. Starting from 6912 spindles in 1999, it has expanded its capacity to 23472 spindles. The company is engaged into textiles business.The Company has also set up a wind mill of 1250 KW in village Pithla, Rajasthan in the year 2007-08. It has entered into power purchase agreement with Ajmer Vidut Vitran Nigam Ltd for the sale of electricity generated for 20 years.During 2018-19, the company had transferred entire shareholding of its subsidiaries i.e. Jindal Specialty Textiles Limited and Jindal Medicot Limited, through disinvestment on 6th November, 2018, and resultant, the entire net worth was eroded. The Unit 2 of the company situated at Village Mandiala Kalan, Bija was made operational from FY2019-20.The Company has two wholly owned subsidiaries namely, Jindal Medicot Ltd and Jindal Specialty Textiles Ltd. Jindal Medicot Ltd has been incorporated to expand in Technical textiles sector and to produce medical textile products. Jindal Specialty Textiles Ltd has been incorporated to expand in Technical textiles sector and to manufacture laminated technical textile products and Banner fabrics textile products.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.