Texel Industries Ltd Share Price

History of Texel Industries Ltd

Texel Industries Limited, formerly known as Texel Plastics Private Limited was established in 1989. Company is engaged in the business of manufacturing geosynthetic textile products like Tarpaulins and Geomembrane. These products are used in agriculture, aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation, pollution control and waste management. Texel is having total installed manufacturing capacity of 23,680 metric tones at its Kheda facility. The total practical capacity is 19,080 metric tonnes. The Company's products are used in effluent storage ponds, foundations of buildings, water-proofing of buildings, building of roads, storage of grain, transportation of goods, etc. It worked upon ...an expansion-cum-diversification plan in 1994, whereby, the production capacity was increased to 2195 tones per annum of wider-width lower-weight speciality coated fabrics and PE protection covers. A new factory was set up for this purpose at Santej near Ahmedabad and went into production in Mar.'95. The company entered the capital market in Sep.'94. Among its products are tunnel lining membrane which provides high tear and puncture resistance to the rock surface of tunnels; roof tile underlay, which prevents water seepage inside wooden houses; pile liner (reinforced concrete columns). The company also developed a special highly chemical-resistant coated-fabric, geo membrane, that can withstand extremely corrosive acids. This was designed mainly for Hindustan Copper. Similarly, it has designed a special geo membrane for Chambal Fertilizers and Chemicals. The Company further diversified into the manufacture of coated paper used in the manufacture of flexible packaging. During 1996-97, Company was not able to capitalise on its value added products Viz. Geomembranes due to inherent weaknesses of the economy, and for this many large projects were pending. Company has now finalise some of the important contract and is hoping to increase the turnover of the of the value added Geomembrane product. In 1996-97, foreign exchange earned by the company is amounting to Rs. 3.71 cr. During the year 2018-19, the Company installed a new machinery viz. Multilayered Geo Composite Resin Coating Machine' for product diversification and value addition. The Company set up a new manufacturing facility at Kheda, Gujarat with an installed manufacturing capacity of 10,080 metric tonnes (M.T.) per annum for Geosynthetics products. It further started commercial trial production from 4th February, 2022 and regular commercial production from 9th February, 2022.