|₹1354 / ₹624.72|
What is shareholding pattern? Who are shareholders?
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What are dividends?
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A manufacturer of yarn of different counts, Rajapalayam Mills (RML) has been functioning successfully for six decades. During 1990-91, the company set up an export-oriented spinning mill. The entire output of high quality yarn produced here is being taken up by Mitsubishi Corporation, Japan. It has been decided to implement another export-oriented project. Technological guidance will be provided by Unitaka, Japan, which is a large producer of yarn, fabrics and other related products. During 1994-95, as part of its modernisation programme, RML installed five crosrol cards imported from the UK and two ring spinning frames in place of the old equipment. To reduce dependence on conventional energy sources, it has installed five 250-KW wind electric generators in Muppandal, Nagarcoil. As part of its diversification plans, it is setting up a tissue culture unit - Shri Ramco Biotech - as a division of the existing company, to produce ornamental and orchard plants for the export and domestic markets.