Sangam (India) Ltd - SANGAM INDIA Share Price

Summary

Incorporated in Dec.84 as Arun Synthetics Pvt Ltd, Sangam (India) of Bhilwara was promoted by R P Soni, R K Jagetia and S N Modani. It was converted into a public limited company in Feb.91 and the name was changed to Sangam (India). The company manufactures synthetic suitings with an installed capacity of 59.3 lac mtr pa.Sangam (India) markets its products under the brand name Sangam and has a network of selling agents and dealers throughout the country. In Jul.94, the company offered rights (premium: Rs 12.50) to part-finance a backward integration plant, by installing 12,960 spindles to manufacture polyester-viscose dyed yarn in the count range of 2/15 Ne to 2/30 Ne. In Jan.94, the company installed 16 STB shuttleless Russian weaving machines at a capital outlay of Rs 218 lac. Installation of these machines has increased the weaving capacity from 43.95 mtr pd to 59.3 lac mtr pd. The full impact of the expansion will be felt in 1995.The companys fabric exports are picking up and it has received vast enquiries which are under negotiation. During 1993-94, the company achieved an export turnover of Rs 15.31 lac. The company has acquired land for the spinning project. Civil construction work is in full swing. Delivery of machines will start by Jan.95. Commercial production is likely to start by Mar.95. This project will also be a backward integration in the field of PV dyed yarn. In-house manufacture of raw material, a well-organised marketing set-up, unbeatble experience in... Read More