Incorporated as Public Limited Company in 1983, Orbit Exports Limited promoted by Pankaj Seth is leading novelty fabric manufacturer in India. It manufactures Woven Fabrics of Synthethic Filament Yarnand Woven Pile Fabrics of Manmade Fibres. It principally operates in two business segments: Manufacturing of Textile and Windmill Power Generation. The units of the company are situated at Jalgaon, Maharashtra.
In December 1994, Orbit Exports tapped the capital market with an issue at a premium of Rs 15 per share aggregating Rs 2.2 crore, to put up computer designing and embroidery equipment.
The company set up its first unit to manufacture fancy jacquard fabric in 1986. Subsequently, in 1993-94, it set up another unit to manufacture velour d emlyons (fine velvets) used in dress materials, drapery, trimmings and as a substitute for silk brocade. In 1995, the Company made Initial Public Offer.
Exim Bank has sanctioned Rs.9.60 crores loan during the year 1996-97,to manufacture & process Woven & Embroidered fabrics for exports and this project was implemented during 1998-99.
In 2010, the Company set up a new fabric manufacturing plant in Kosamba, Surat. In 2013, it acquired a 49% stake in Rainbow Line Trading LLC, UAE; thereafter, incorporated a wholly-owned subsidiary Company - Orbit Inc in Los Angeles, USA. In 2015, it set up Cut-n-Sew unit in Thane, Maharashtra.
During the year 2018, the Company installed 1.50 MW Windmill at Dist. Morbi, Gujarat. It incorporated S ...ubsidiary Company in UK in the name of EXCELLERE (UK) Ltd. It set up the operations of New Process/ Dyeing Unit in Valsad, Gujarat in year September, 2021. Thereafter, it started Waterjet Looms at Fairdeal Textile Park.
FAQs on Orbit Exports Ltd
1. Can I buy Orbit Exports Ltd from PL Capital? ›
Yes, you can invest in Orbit Exports Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Orbit Exports 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 Orbit Exports Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Orbit Exports Ltd pay dividends? ›
Orbit Exports 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 Orbit Exports Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Orbit Exports Ltd. is ₹ 186.29 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Orbit Exports Ltd ? ›
The 52-week high and low of Orbit Exports Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
