|₹9954.5 / ₹4910.3|
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In 14th September of the year 1962, Lakshmi Machine Works Limited (LMW) was born to provide the Indian Textile Mills with the latest Spinning Technology, today a global player and one among the three manufacturers of the entire range of textile machinery. The Company is engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings and parts and components for Aerospace industry. The group caters to both domestic and international markets. The Company is helping to create the building block of textile super power, it manufactures equipment to support all textile processes from bale plucking, mixing, cleaning, carding and spinning and also LMW has diversified into manufacturing of CNC machine tools. The operations of the company are classified as Textile Machinery Division for spinning preparatory and yarn making machine, Machine Tool Division for CNC lathes and machining centres and Foundry Division for ductile iron and grey iron casting, all the divisions are ISO: 9000 certified. Government of India (GOI) approved the Company's collaboration agreement with Rieter Machine Works, Ltd. (RMWL) Switzerland in the year 1980 for the manufacture of improved and sophisticated ring frame Rieter Model G5/1 and also finalised the technical collaboration agreements with the same the company for the manufacture of open end spinning machines with Investa Czechoslovakia for the supply of spinning units. In January of the year 1982, the Company was granted a letter of intent for establishment of a pilot mill with 3,000 spindles at its existing site at Perianaickenpalayam (Coimbatore) for research and development purposes.