The 5-year analysis of Jindal Cotex Ltd's performance infers:
We analysed the performance of Jindal Cotex Ltd share prices over the last 10 years. Here is what we found out:
Jindal Cotex Limited (JCL) is a flagship company of Jindal group of Ludhiana. The company was incorporated as Jindal Cotex Limited under the Companies Act, 1956 on February 18, 1998 in the state of Punjab registered with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar . The registered office of the company is situated at V.P.O. Jugiana, G. T. Road, Ludhiana, Punjab. The Certificate of Commencement of Business was obtained on February 20, 1998.
The company has been promoted by Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal along with other members of the Jindal family for setting up a spinning unit for the manufacture of synthetic yarns. The company initially set up 6912 spindles and started manufacturing acrylic yarns under the trade name â€˜Jindalâ€™ which came into commercial production in May 1999. The company thereafter, ventured into polyester yams & further explored the markets of New Delhi, Bhilwara & Maharashtra. Starting from 6912 spindles in 1999 the company has expanded its capacity to 23472 spindles.
The company has also set up a wind mill of 1250KW in Village Pithla, Distt Jaisalmer, Rajasthan in the year 2007-08. It has entered into power purchase agreement with Ajmer Vidut Vitran Nigam. for the sale of electricity generated for 20 years.
The company has been established to carry on in India or abroad, the business of manufacturing, processing, spinning, knitting, refining, carding, combing, gilling, regilling, mixing, doubling, twisting, cheese, winding, rewinding, raising, weaving, dyeing, bleaching, importing, exporting, trading and otherwise dealing in wholesale or in retail in all kinds & types of yarns including fancy yarns, fibres whether synthetic, artificial or natural, cotton, wool, worsted, shoddy, silk, nylon, polyester, acrylic, polyproptene, polynosic, blended materials or any other synthetic fibres, yarns or fibrous materials, textile substances, allied products, waste products and substitutes for all or any of them and to treat and utilise any waste arising from any such manufacture production, process and further to carry on the business of ginning, pressing, bailing or otherwise packing of cotton, kapas, yarn, waste or all kinds of raw materials, whether synthetic, artificial or natural, yarn, waste, hemp, jute or other fibrous materials and cultivation of such raw materials.
The company has two wholly owned subsidiaries viz. Jindal Specialty Textiles Limited and Jindal Medicot Limited.
Product range of the company includes: