Bannari Amman Spinning Mills Ltd - BANNARI AMM SPG. Share Price

Summary

Bannari Amman Spinning Mills Ltd, a part of Coimbatore based Bannari Amman Group, is engaged in manufacture of cotton yarn, woven and coated fabrics. The company is also engaged in wind power generation. They are having two spinning units near Dindigul, Tamilnadu with installed capacity of 1,37,232 spindles, Weaving Division near Palladam, Tamilnadu with installed capacity of 135 Looms, and Processing & Technical Textiles near Annur, Tamilnadu with capacity to produce 24 lakh meters of coated fabric per year. The company has 4 windmills of 1250 KVA each totaling 5 MW in Radhapuram Taluk, Tirunelveli District, Tamilnadu and 23 Nos Windmills, each of 800 KW capacity totaling 18.40 MW capacity in Dharapuram Taluk, Tiruppur District and Palani Taluk, Dindigul District, Tamilnadu. The total installed capacity of Windmills is 23.40 MW. The whole of the power generated is captively consumed by the spinning units. The companys product range includes Ne 20/1, Ne 24/1, Ne 34/1 & Ne 40/1 combed and carded knitting cotton yarn and caters to Tiruppur, Calcutta & Kanpur markets. The mill exports 24% of the production to Israel, Mauritius, Egypt, Taiwan and South Korea. The spinning Mill has a manufacturer unit for bed linen, Mattress protector, Pillow protector and more products.Bannari Amman Spinning Mills Ltd was incorporated on July 10, 1989 with the name Shiva Textiles (CBT) Ltd. In September 14, 1986, the company commenced their commercial operations. In October 11, 1991, the name of... Read More