Maral Overseas Limited (MOL), a part of LNJ Bhilwara Group, was incorporated in 1989. MOL is one of India's largest vertically integrated textile companies. Set up in 1991 at Maral Sarovar, the Company has five ultra-modern units that manufacture 1,700 tonnes of grey yarn, 250 tonnes of dyed yarn, 700 tonnes of knitted fabric and 3,99,000 pieces of garments per month. The Maral Sarovar Plant, backed up by its captive power units, is located in Central India's cotton heartland and its garment factories are in Noida and Faridabad.
MOL was jointly promoted by Rajasthan Spinning & Weaving Mills (RSWML) and Hindustan Electro Graphites (HEG), as a 100% export-oriented spinning mill (inst. cap. : 20160 spindles) to manufacture combed cotton yarn. The plant is located in Khargone district, Madhya Pradesh, which is a major cotton-growing region of the country. The project was estimated to cost Rs 34 cr and became fully operational by Jan.'92.
MOL has entered into marketing arrangements with companies in the UK and Mauritius to supply 400 tpm of cotton yarn for five years from the date of commercial production.
In 1998-99, it installed 16,128 spindles, 12 circular knitting machines and 4.25 MW capacity of power plant. It also increased the installed cpacity of knitted fabrics, processed fabrics and readymade garments to 4292 MT, 2760 MT and 56,43,000 pcs respectively.
In 2000-01, the company is implemented a modernisation, technological upgradation and balancing programme ...s at it's unit at Sarovar and Jammu at an outlay of Rs.42 Crores part financed by the FIs & Banks under Technology Upgradation Fund Scheme. The company's power division at Sarovar unit made a expansion by enhancing its capacity from 2.8 MW set to 7 MW.
During the year 2006, the Company installed a yarn dyeing facility of 1000 MT per annum. Besides, the fabric knitting and processing capacities also expanded by 240 MT and 390 MT respectively. The Company commissioned a 10 MW thermal power project in 2008.
The Company embarked upon a further modernization of the spinning unit and increase in capacity of Garment unit involving a capital outlay of Rs 4.7 Crore for Spinning Unit and Rs 4.6 Crore for Garment Unit in 2014-15. It set up a new garment manufacturing unit at Noida by establishing 300 Sewing Machine at a Capital outlay of Rs 7.68 Crore. It set up a new garment manufacturing unit at Faridabad, which started in December, 2021. Further, it set up a Spinning Unit comprising of 18864 spindles for producing Melange Yarn at its Sarovar Plant during 2021-22.
Company commenced the commercial operations of the new Spinning Unit set-up for producing Mélange Yarn at Sarovar Plant with effect from 30th March, 2024.
FAQs on Maral Overseas Ltd
1. Can I buy Maral Overseas Ltd from PL Capital? ›
Yes, you can invest in Maral Overseas Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Maral Overseas Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Maral Overseas Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Maral Overseas Ltd pay dividends? ›
Maral Overseas Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Maral Overseas Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Maral Overseas Ltd. is ₹ 44.34 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Maral Overseas Ltd ? ›
The 52-week high and low of Maral Overseas Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
