Nitin Spinners Ltd (NITINSPIN)

Nitin Spinners Ltd is an ISO 9001:2008 company and a Government of India recognized Export House manufacturing 100 Cotton Yarns and Fabrics. The company engaged in the textiles business. They manufacture the range of yarn which include open end yarns multifold open end yarns ring spun combed yarns multifold ring spun yarns S and Z twist yarns dyeable cheese cones and organic cotton yarns and blends. The company offers fabrics in greige form in tubular and open width. The range includes single jersey pique structures interlock structures rib structures and three thread fleece. The companys range of products are used to manufacture products such as apparel and garments under garments terry towels woven fabrics home furnishings carpets denim industrial textiles medical textiles and socks. Nitin Spinners Ltd was incorporated on 15th October 1992 as a private limited Company with the name Nitin Spinners Pvt Ltd. In the year 1993 the company set up their first unit at Hamirgarh Bhilwara Rajasthan for manufacturing coarse cotton yarns. They installed two openend spinning machines with 192 Rotors each aggregating 384 Rotors which were acquired from Elitex Czechoslovakia under EPCG scheme. In November 1993 they commenced commercial production.In the year 1994 the company undertook first expansion project involving installation of one Autoconer Machine of 216 Rotors from Schlafhorst AG Co. Germany and increased the number of Rotors to 600. In November 15 1994 the company was converted into public limited company and the name was changed to Nitin Spinners Ltd. During the year 199697 the company undertook their second expansion project involving acquisition of two Autoconer openend spinning machines of 240 Rotors each from Schlafhorst AG Co. Germany and thus increased their capacity to 1080 Rotors. In October 1997 the company commenced commercial production. In September 1998 the company installed two open end spinning machines of 384 Rotors from Elitex Czechoslovakia with total capital outlay of Rs190 lakh. In January 1999 the company was converted into 100 Export Oriented Unit EOU which was awarded by Government of India. In April 2002 the company completed their fourth expansion project which involved installation of 14112 spindles to produce combed and carded cotton yarns of 20s to 40s count. They also installed 7 knitting machines as a forward integration programme. In November 2004 the company completed their fifth expansion project of adding 13104 spindles and 6 knitting machines. In February 2005 the company undertook their sixth expansion project which involved addition of 408 Rotors and 2 knitting machines.During the year 200506 the company came out with initial public issue to part finance their expansion project. The shares of the company were listed with the Bombay Stock Exchange Ltd and National Stock Exchange Ltd with effect from February 2 2006.During the year 200607 the company implemented expansion project for installation of 50400 spindles Knitting Machines and F.O. based Power Plant of 7.66 MW. The plant became operational with effect from September 29 2006. In May 1 2007 the company commenced the commercial production for expansion of Spinning Knitting capacity.During the year 200708 the company implemented expansion project of Rotor Spinning capacity by addition of 2000 Rotors and in January 31 2008 they commenced commercial production on expanded capacity.During the year 200809 the company commenced commercial production on the coal/ lignite based thermal power project with the installed capacity of 10.50 MW.

Nitin Spinners Ltd Share Price: ₹225.25 per share as on 31 Mar, 2023 04:01 PM
Nitin Spinners Ltd Market Capitalisation: ₹1,139.58Cr as of today
Nitin Spinners Ltd Listing date: 02 Feb, 2006
Nitin Spinners Ltd Chairperson Name: R L Nolkha