|₹104.05 / ₹9.54
Promoted by Shailesh Mehta and Naresh Mehta in 1989, Texel Industries Ltd. , formerly known as Texel Plastics manufactures speciality coated fabrics, protection covers and other related products at its plant in Kalol, Gujarat. The company's products are used in effluent storage ponds, foundations of buildings, water-proofing of buildings, building of roads, storage of grain, transportation of goods, etc. It worked upon an expansion-cum-diversification plan in 1994, whereby, the production capacity was increased to 2195 tpa of wider-width lower-weight speciality coated fabrics and PE protection covers. A new factory was set up for this purpose at Santej near Ahmedabad and went into production in Mar. '95. The company entered the capital market in Sep. '94.