VTM Ltd Share Price

(532893)

K T Chettiar Virudhunagar Textile Mills (VTML) was incorporated in 1947 as a company driven by export-oriented production, with over 90% of its production being exported. With a plant based in Virudhunagar, VTML has installed 289 looms which are used to manufacture a range of grey fabrics from 90 cm width to 330 cm width, such as cambric voile, poplin, pin point oxford, satin, chambray drill, and more. In addition, the mill is additionally equipped with 60 airjet weaving machines and174 Lakshmi Ruti C looms, and has a sole subsidiary, Colour Yarn Ltd. In 199495 VTML issued bonus shares in the ratio 5:1 and in 200001 28 Shuttle Looms were replaced at a cost of Rs.855 crore, funded through internal accruals. To remain competitive in both international and domestic markets, VTML has proposed the modernisation of its plant machinery under TUFS, estimated to cost Rs.10 crore. The modernisation scheme, if implemented, will be able to provide a broad range of high-value products.

Listing date: 30 Dec, 2011
Chairperson Name: K Thiagarajan