Indo Cotspin Share Price

Indo Cotspin Limited incorporated in 1995. is one of a significant player in NonWoven Products such as NonWoven Fabrics, NonWoven Carpets, NonWoven Felts, NonWoven Designer Carpets, Tufted Carpets and many others Textiles Products. The Company had set up a cotton yarn manufacturing unit at Jhattipur (Dist. Panipat, Haryana) with an installed capacity of 34.75 lac kg per annum. It came out with a public issue of 28,00,000 equity shares of Rs 10 each for cash at par aggregating Rs 280 lac, in Jan.96 to partfinance the project.The Company is mainly engaged in NonWoven fabrics, Tufted Carpet Manufacturing and trading of textile goods. The manufacturing activities of the unit were closed since the fire had broken in the factory prmises on 19th Oct., 1997. The Company lodged a claim with the insurance company, but the claim yet to be ascertained finalised. The Company has majorly focused on quality and production. Nonwoven fabric is a fabriclike material made from long fibres, bonded together by chemical, mechanical, heat or solvent treatment. The term is used in the textile manufacturing industry to denote fabrics, such as felt, which are neither woven nor knitted. Nonwoven materials typically lack strength unless densified or reinforced by a backing. In recent years, nonwovens have become an alternative to polyurethane foam. In addition to this, nonwoven fabrics provide specific functions such as absorbency, liquid repellence, resilience, stretch, softness, strength, flame retardancy, wash ability, cushioning, thermal insulation, acoustic insulation, filtration, use as a bacterial barrier and sterility. These properties are often combined to create fabrics suited for specific jobs, while achieving a good balance between product uselife and cost. They can mimic the appearance, texture and strength of a woven fabric and can be as bulky as the thickest paddings. In combination with other materials, they provide a spectrum of products with diverse properties, and are used alone or as components of apparel, home furnishings, health care, engineering, industrial and consumer goods.