The 5-year analysis of Katare Spinning Mills Ltd's performance infers:
We analysed the performance of Katare Spinning Mills Ltd share prices over the last 10 years. Here is what we found out:
Katare Spinning Mills, incorporated in the year 1980. The company manufactures textiles. It engages in spinning and cotton blending operations. Katare Spinning Mills offers cotton and synthetic yarn and is based in Solapur, India.
1980 -- The company was incorporated on August 8, at Solapur in Maharashtra. It was promoted by Tulsidas T Katare and members of his family. The company manufactures cotton yarn. It set up a spinning mill with an
1980 -- The company was incorporated on August 8, at Solapur in Maharashtra. It was promoted by Tulsidas T Katare and members of his family. The company manufactures cotton yarn. It set up a spinning mill with an installed capacity of 25,088 spindles at Tamalwadi, Dist. Osmanabad for the manufacture of cotton yarn of count 20s and 2/20s.
1983 -- By January, 6,000 spindles were installed. The balance spindleage was commissioned in April 1984. The company set up a new spinning unit with 12,500 spindles for the manufacture of synthetic yarn. This unit was set up adjacent to the existing unit at Tamalwadi.
1987 -- The company entered into an agreement to purchase land within city limits of Solapur to set up a hotel and the financial institutions agreed to finance the project.
1990 -- 7,168 spindles were installed and commissioned. The balance spindles were installed during 1991-92.
1995 -- The knitting unit was established. In order to put the captive use of quality yarn produced by the company, it was proposed to set up cotton yarn knitting unit in the adjacent premises of the existing factory.