Nahar Industrial Enterprises Ltd Share Price

Nahar Industrial Enterprises was incorporated as Oswal Fats & Oils Limited in 1983. The name was changed to Nahar Industrial Enterprises Limited (NIEL) in 1994.

The company is the part of Nahar Group of Companies. The group was established in 1949 with the incorporation of Oswal Woollen Mills Limited. From there it had surged ahead to establish itself as a reputed industrial conglomerate with a wide ranging portfolio from wool   combing, spinning, knitting, fabric, hosiery garments, etc. Other group companies are Nahar Spinning Mills Limited, Nahar Investments and Holdings Limited, Nahar Capital and Financial Services Limited.

NIEL is a vertically-integrated textile manufacture, with operations ranging from spinning, weaving and processing through to finished ready-made woven garments159,408 spindles and 6320 rotors to produce different counts of yarn.

• Weaving capacity with 426 looms.
• Modern processing plant with capacity of 1,15,000 mtrs. /day.
• Modern dyeing house with a capacity 6 tonnes yarn/ day.
• Garment facilities for manufacture 20,00,000 Pcs. per annum.
• 150 Retail outlets for selling readymade garment under” Cotton County” Brand. 2500 TCDs Sugar Mill.

NIEL’s strategic objective is to capitalize on the growth opportunities that it believes are available in the domestic and global textile industry. At the same time the company recognizes the competitive nature of the industry, especially with established pressure from Asia, and that to maintain growth it must continue to improve production process and reduce costs.

The company’s USP is expertise in 100% cotton and cotton blended fabrics and variety of weaves, including Twills, Chinos, Gabardines, Canvas, Tussers, Cavallery Twills, Satins, Broken Twills, etc.

NIEL’s client base is extremely diverse with no one customer accounting for more than 5% of total revenues. Approved fabric vendors for global brands such as the Gap, Tommy Hilfiger, Marks & Spencer and domestic brands such as Color plus, Allen Solly and Louis Phillips.

The facilities are backed by a weaving design studio where the time tested handloom is used for product development activity in consonance with market needs.The preparatory is equipped with Benningers Warping & Sizing Machines .Inspection is equipped with automatic inspection with rolling machine from la Maccanica Italy. Nahar fabrics has already produced more then 200 different constructions in Grey Fabric for in House needs and World Markets

Product range of the company includes:

• Yarn
• Fabric/garment
• Fats and oils

Divisions of the company:

The company has two divisions under its umbrella namely oil & soap division and the textile division.

• The oil and soap division has two units. The fatty Acid unit is engaged in the manufacture of Fatty Acids Stearic Acid and Distilled Glycerin. The soap unit is engaged in the production of Toilet & Laundry Soap.
• In the textile division the company has two Spinning units and a weaving unit. The frost spinning unit, a100% EOU, is Engaged in the manufacture of cotton yarn is exporting its yarn to Europe, Hong Kong ,Singapore Taiwan ,Mauritius, Malaysia and Australia. The second unit, namely Sambav Spinning Mills,is engaged in the manufacture of cotton yarn. The aggregate installed spindlage in both the units is 38000 spindels. Nahar fabric the weaving unit is equipped with 176 Picanol Air Jet Weaving Machines(Cam/Repair/Dobby)

Milestones of the company:

• 1983: Incorporated as Oswal Fats & Oils Limited.  
• 1994: Name changed as Nahar Industrial Enterprises Limited.
• 1997: Merged Nahar Fabrics Limited (manufacturer of greige fabric).
•  2002: Merged Oswal Cotton Mills Limited (manufacturer of Processed fabrics and finished garments).
• 2004: Launched apparel brand “Cotton County.”
• 2005: Merged Nahar International Limited (manufacturer of yarn) & Nahar Sugar & Allied Industries Limited (manufacturer of sugar & steel). Accredited with ISO 9002 and ISO 14001.

Recent developments

Nahar Industrial Enterprises has repurchased and cancelled foreign currency convertible bonds (FCCBs) worth $ 25.5 million (face value) out of the total outstanding bonds.