Nitin Spinners Share Price

Nitin Spinners Ltd. is an Export House approved by the Government of India that produces 100% Cotton Yarns and Fabrics to ISO 9001:2008 standards. The corporation's primary line of business was the textile industry. They have open-end yarns, multifold-open-end yarns, ring-spun combed yarns and more. Strings made from organic cotton, dyeable cheese cones, S- and Z-twist yarns, multiply ring spun yarns, and blended yarns all fall under this category.

The business provides grey textiles in open-width tubes. Single jerseys, piqué structures, interlock structures, ribbed jerseys, and three-thread fleece are all part of the assortment. Socks, underwear, terry towels, woven fabrics for upholstery and carpeting, denim for industrial usage, medical rags, and hosiery are just some of the goods that benefit from the company's comprehensive selection.

On October 15, 1992, a private company named Nitin Spinners Pvt Ltd was formally established. The business opened the first factory dedicated to producing coarse cotton yarns in 1993 at Hamirgarh Bhilwara, Rajasthan. Under the EPCG plan, they purchased two open-end spinning machines from Elitex Czechoslovakia, each with 192 Rotors. Commercial manufacturing began in November 1993. In 1994, the firm installed its first expansion project, a Schlafhorst AG & Co.

Germany Autoconer Machine with 216 rotors, bringing the total number of rotors used by the company to 600. The business became a public limited company on November 15th, 1994, and adopted the name Nitin Spinners Ltd. The company's second growth project, purchasing two Autoconer open-end spinning machines with 240 Rotors from Schlafhorst AG & Co., took place in 1996–1997.

Germany, and as a result, we've upped our production to 1080 Rotor. The firm's first foray into commercial manufacturing dates back to October 1997. In September 1998, the firm spent a total of Rs190 lakh on two open-end spinning machines from Elitex Czechoslovakia, each with 384 Rotors. The government of India designated the business as an EOU (Export Oriented Unit) in January 1999, and the firm has operated exclusively under that designation ever since.

The company's fourth expansion project was finished in April 2002, adding 14112 spindles to make combed and carded cotton yarns in counts ranging from the 20s to the 40s. They also introduced seven knitting machines as part of the same forward integration strategy.

The company's sixth expansion project, which included the addition of 13104 spindles and six knitting machines, was finished in November of 2004. A total of 408 Rotors and two knitting machines were added during the company's sixth expansion project in February 2005. The firm released its first public offering in 2005–2006 to help fund its growth. Since February 2, 2006, the company's stock has been traded on the Bombay Stock Exchange Ltd and the National Stock Exchange Ltd.

The firm installed a 7.66 MW F.O.-based power plant and 50,400 spindles worth of knitting machines as part of an expansion project in 2006-07. As of the 29th of September, 2006, factory operations commenced.

The firm officially started commercial production on May 1, 2007, for the increase in Spinning and Knitting capability. The firm added 2000 rotors to its spinning capacity throughout 2007–08, and on January 31, 2008, it began commercial production at the new facility. The company's coal/lignite-based thermal power facility, with an installed capacity of 10.50 MW, went into commercial production in 2008-09. Do you want to know about the Nitin Spinners Shares? Click Here to know about today’s Nitin Spinners Share Price.