Banswara Syntex Share Price

Incorporated in 1976 and promoted by R L Toshniwal and associates, Banswara Syntex manufactures special dyed yarns, and shuttleless woven fabric. The company has an installed capacity of 69056 spindles and 92 air-jet looms as on March 2002,and supplies its products to leading fabric and garment producers, in India and abroad. The company is a government-recognised Export House and its major clients include quality fabric makers like Raymonds, Reliance, Grasim, Siyaram, Bhilwara, etc. Banswara Syntex has established good overseas market for its yarn and fabric and to increase value-added exports, it has set up a weaving unit, Toshco International, with 24 air-jet looms. The company has also entered into a collaboration with Altex, UK, to provide it with expertise in finishing and marketing of fabric as also technical assistance in upgrading Banswara's processing plant. The company's products will also be marketed by Altex in specified territories including the UK and Europe. The company expanded its spinning/weaving capacity to 43,632 spindles and 72 shuttleless looms. It also upgraded and modernise its process house and to part-finance this project, the company came out with an issue of equity shares in Mar.'95. During 1995-96, the company has increased the installed capacity of Cotton Yarn by 1920 Spindles and by 23 Looms. To cater to the company's Power requirement the company has installed furnace oil based power generating sets of total capacity 6.2 MW at the cost of Rs.1400.00 lacs in 2000-01. The company has taken up 2 expansion cum modernisation programme viz installed capacities were enhanced to 69056 spindles and 89 looms to 92 looms. The 6.2 MW power plant were installed successfully in 2000-01. It is also plannin to increase its own power generation capacity by adding two more DG sets 1.45 MW and 2.05 MW capacity.