Amarjothi Spinning Mills Share Price

Incorporated in December 1987, Amarjothi Spinning Mills Limited (ASM) was converted into a public limited company in December, 1991. The Company manufacture and distribute yarn to domestic and international textile companies. The Company provides a variety of shades and styles of yarn. Amarjothi produces good quality color melange yarn for hosiery, woven and home textiles. The manufacturing unit is located at Nambiyur and dyeing unit is located in Perundurai.The Company commenced its business in December 1987. ASM went public with its maiden issue in Jan.93 to partfinance a spinning mill to manufacture cotton yarn (inst. cap. : 12,096 spindles) in Pudusuripalayam, Tamil Nadu. To meet part of the project cost, ASM issued secured NCDs worth Rs 2.20 cr on a private placement basis. ASM completed its first full year of operations in 199495, after raising capital through a public issue. In 199697 the installed capacity has been increased by 6016 spindles to 18992 spindles.Modernisation programme has been availed by the company to the tune of Rs.340.00 lacs under the Technology Upgradation Fund Scheme.During 20002001 the company had gone for expansion of Spindles to the extent of 4752 spindles.M/s. Amarjothi Power Generation and Distribution Company Limited, which incorporated as a subsidiary, ceased to be a subsidiary of the Company effective 28.11.2003. The Company installed a Wind Mill of 1.65 MW capacity at Tirunelveli District during 200304. The Dyeing Unit at Perundurai, with an installed capacity of 5,000 kgs/ day, was made fully operational from March 2005. Thereafter, the Company again installed two more windmills with a total capacity of 3.3 MW during year 200405, which became operational in 2008. With this the total capacity of wind mills gone up to 7.95 MW.During the year 200809, two more wind mills of 2.90 MW became operational. In addition to this, two More Wind Mills of 2.50 MW became operational in April 2009. With this total Capacity of Wind Mills gone up to 13.35 M.W. In 2010, five more wind mills of 4.25 MW were made operational in 201011. With this the total capacity of wind mills gone up to 17.60 MW.