Rajasthan Petro Synthetics Ltd Share Price

(506975)

Rajasthan Petro Synthetics Ltd was established in 1983. The Company pioneered the introduction of polypropylene yarn for use in textiles in India. The Company is presently engaged in Office Management Services / CF Agency Operations.The Company commissioned a plant to manufacture Polypropylene MultiFilament Yarn PPMFY in technical collaboration with Core Engineering Switzerland in 1987 with an installed capacity of 1000 tpa. The capacity was later increased to 2750 tpa in 1991 in technical collaboration with Scam Engineering and STP Impianti Italy. PPMFY manufactured by the Company is texturised into crimped yarn which can be used in industrial applications such as filter fabrics soft luggage fabrics narrowwidth fabrics tapes and straps and sewing threads. RSPL recently promoted a new Company Poddar Pigments to manufacture pigmentbased polypropylene master batches an import substitute. It was expanding the capacity for polypropylene partially oriented yarn PPPOYand setting up facilities to manufacture microdenier polyester filament yarn MDPFY. In 199596 the Company has increased the installed capacity of polyester filament yarn by 4500 tpa. During the year the company earned foreign exchange worth Rs 98 lac.During 199697 production in three lines supplied by NOY vallsina for polyester yarn are still under trial run and in the process of stabilisation. In 199697 company earned a foreign exchange of worth Rs. 1.21 cr.The Company was declared Sick by the Board for Industrial Financial Reconstruction BIFR on 21.3.2001. The Rehabilitation Schemes submitted by the Company have not been found acceptance to the Secured Creditors and they took over and sold the Assets of the Company during the year 200809. Prior to this the Company was involved in manufacturing and processing of fabrics/ yarn. However since year 200809 the Company has been involved in the business of CF Agency and Transportation..

Listing date: 18 Sep, 1995
Chairperson Name: B R Goyal