ICRA has withdrawn the ‘LC/A5’ rating assigned to Oswal Spinning and Weaving Mills’ bank facilities and term loans (including proposed term loans) aggregating to Rs 80 crore at the request of the company. The rating was placed on notice for withdrawal for one year in August 2010.
The company is engaged in the manufacturing of 100% grey cotton yarn. Oswal Spinning has its manufacturing unit located in the Ludhiana district of Punjab with an installed capacity of 26,208 cotton yarn spindles. The company supply yarn to reputed global yarn importers in various countries.
| Company Name | CMP |
|---|---|
| Trident | 24.35 |
| Filatex India | 48.36 |
| Nitin Spinners | 539.65 |
| Nahar Spinning Mills | 276.65 |
| Sanathan Textiles | 395.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: