Jindal Cotex Ltd

Summary

Jindal Cotex Ltd was incorporated in the year 1998. The company has been promoted by Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal along with other members of the Jindal family for setting up a spinning unit for the manufacture of Synthetic Yarns. 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 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.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 Medicot Ltd is planning to produce Medical Textile Products like Absorbent Cotton Wool & its products and Cotton Crape Bandage like stretch bandage, crape bandage cloth etc. Jindal Specialty Textiles Ltd has been incorporated to expand in Technical textiles sector and to manufacture laminated technical textile products and Banner fabrics textile... Read More