Belonging to the Patodia Group and promoted by PBM Polytex, Eurotex Industries & Exports Ltd was incorporated in Feb. 87. The Company is primarily engaged in the business of manufacturing of cotton yarn, knitted fabrics and real estate development. It manufactures cotton yarn of various counts from 30s to 100s. Being a 100% EOU, has agency and selling arrangements with various reputed buyers in the UK, Switzerland, Germany, Italy and Japan. The Company commenced manufacture of Cotton Yarn in 1989. It diversified into the processing of yarn and manufacture of woven and knitted superfine cotton fabric of international standards, for which it came out with a rights issue at a premium in Oct.92. It started production of phase-I of its expansion project of 14,112 spindles at the second (new) 100% EOU. The entire spinning plant got imported from Switzerland. To meet the working capital requirements, the Company had issued 13% Debentures of Rs.5 Cr. to UTI Banks in 2001 and same were redeemed during the year itself.
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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.