Mid India Industries Ltd (Erstwhile known Mid India Spinning Company Limited) was incorporated as Public Limited Company in March, 1991. Its name was changed to the present one in Feb.'95. The Company is engaged in manufacturing of cotton textiles, yarn, fabrics & other textile products. MIIL is a 100% export-oriented spinning unit, mainly promoted by R P Ganediwal and Others.
The company's unit is located in Mandsaur, a rich cotton-growing area in Madhya Pradesh. It went public in Mar.'93 to meet the entire capital requirement for the first phase of the installation of 12,480 spindles at a cost of Rs 16.3 cr. The plant is equipped with state-of-the-art spinning machines. Commercial production started in Jan.'94. The company has entered into a MoU with Unimax, Italy, for the purchase ...of the entire production. For the second phase of expansion (12,500 spindles), building construction has been already started and machineries are almost finalised.
In 1995-96, the company earned foreign exchange worth Rs 18.94 cr.
During 1996-97, the second phase of cotton yarn has been postponed for the further expansion of installation of another 8160 spindles. Company is planning to open overseas office to make effective marketing in the international yarn market and provide best services to the foreign buyers.
As the accumulated losses of the company have resulted in erosion of more than 100% of its net worth,the company has become a sick industrial company as per Section 3(1)(O) of SICA .
During the Financial year 2021-22, Company started trading in heavy plant machinery and spare parts business.
1. Can I buy Mid India Industries Ltd from PL Capital? ›
Yes, you can invest in Mid India Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Mid India Industries 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 Mid India Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Mid India Industries Ltd pay dividends? ›
Mid India Industries 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 Mid India Industries Ltd ? ›
As of
06-11-2025 the share price for Mid India Industries Ltd. is 7.88 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Mid India Industries Ltd ? ›
The 52-week high and low of Mid India Industries Ltd share price is ₹ 6.67 - ₹ 12 as of
06-11-2025 .
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