Suryalata Spinning Mills Share Price

Suryalata Spinning Mills Limited (SSML) was incorporated on May 23, 1983 in Hyderabad. The Company is engaged in producing the best quality of Synthetic Yarns like 100% Polyester (PSF) Yarns, 100% Viscose (VSF) Yarns, PSF VSF Blended Yarns and Value Added Yarns like Slub Yarns, Elite Twist and Two for One Twist Yarns (T F O) etc., suitable for suitings, shirtings and knitting.Currently, the Company has two manufacturing units with a total capacity of 69,408 spindles at Kalwakurthy and Urkondapet. The unit at Kalwakurthy has an installed capacity of 36,288 spindles with a production capacity of 30 MTs per day. The second plant (Urkondapet) has an installed capacity of 33,120 spindles with a production capacity of 20MTs per day. SSML commenced commercial production in 198687. In May 92, the company came out with zerointerest fully convertible debentures to partfinance the cost of setting up another plant as well as to modernise the existing one. As on 31 Mar.95, it had an installed capacity of 25,077 ring spindles and 672 rotors. The modernisation of the Kaluakurthy unit was completed. The company undertook an expansion programme at Kaluakurthy and Ramtek to install 6048 spindles and 3600 spindles respectively at a cost of Rs 10 cr. During 199798 the modernisation and expansion programme at its two units at Kalwakurthy Ramtek was completed an schedule and started operating on expanded capacity. The expansion programme for the year 2000 to increase the spindleage by 12000 No has been completed at Kalwakurthy and Ramtek. In 200203 the company undertook modernisation of its plant at an estimated outlay of Rs.733.15 lakhs. The modernisation project is being funded by way of Term loans from UCO bank under the TUF and the balance through contribution by promoters and internal accurals. The project is expected to be completed at the end of the current financial year.During the year 200910, the Company installed new equipment for 10,080 spindles at Urukondapet Unit and started commercial production from 18th January, 2010. Accordingly, the total capacities of the Company increased to 69,408 spindles. During 201415, YP Solar Power Private Limited was incorporated as a Wholly Owned Subsidiary of the Company vide w.e.f. 23rd February, 2015 to generate power for captive consumption purpose.The Company completed its Modernization cum Expansion project at Kalwakurthy Unit in March, 2019 and incurred total Capital Expenditure of Rs 83.93 Crore and resultant, the total installed capacity increased from 93,264 spindles to 1,15,248 spindles.During 202122, the company installed Solar of 4.342 MW on BOT basis at Kalwakurthy Unit and 4.585 MW on CAPEX mode at Urukondapet Unit, in addition to Solar plant of 1.20 MW under BOT model. Further, installed 1 MW solar plant in April 2022. Thereby, total installations counted to 11.127 MW against connected power load of 12.650 MW.The Company acquired Suntree Solar Energy Private Limited as its wholly owned subsidiary company in 2023.