Lakshmi Mills Company Ltd - LAKSHMI MILLS Share Price

Summary

Promoted in 1907 by the late G Kuppuswamy Naidu, Lakshmi Mills Company (LMC) was incorporated as a public limited company in 1910. The flagship of the Coimbatore-based Lakshmi group, its associate companies are Lakshmi Machine Works, Lakshmi Synthetic Machinery Manufacturers and Lakshmi Auto Looms. LMC is a composite mill manufacturing a range of cotton, viscose, blended yarn and a variety of grey and processed cloth. The company has four manufacturing units located at Coimbatore, Singanallur, Kovilpatti and Palladam, all in Tamilnadu.The companys cloth processing is done by its subsidiary, United Bleachers. LMC exports cotton yarn and grey cloth to the UK, Germany, Italy, Bangladesh and Japan. In 1977, Coimbatore Cotton Mills was amalgamated with the company. LMC has yarn processing facilities at Coimbatore which includes facilities for mercerising and bleaching. The company was getting Wind Power generated of M/s Das Lagerway Wind Turbines Ltd., under a contract since 1997. Some problem has creeped in between the owners of the wind power farm M/s Das Lagerway & M/s Pathega Forgings & Autoparts during 2000-01, the company will not get wind power any more. Company has also increased the installed capacity of Ring Spindles by 64 Nos.In 2000-01, there was an increase in production of fabrics on account of full commissioning fo additional looms. And the company is also drafted a modernisation scheme at the cost of Rs.39 crores and sent it to IDBI for its... Read More