preview

 

Kottayam Textiles

 

The Company was opened as a Private Limited Company by Sri.K S NarayanaswamyIyer on 12 Jun’68 with its Head Office at Kottayam. The licensed capacity of the mill was 11,976 spindles. The Company started its commercial production on 01Nov’68. Later on 28Aug’74 the capacity was further enhanced by 2,640 spindles. The major products of the mill were Cotton and Synthetic Yarn. Later due to poor market conditions the mill started incurring huge losses and gradually went into liquidation in the year 1975.

After about 3 years of shut down, the mills was taken over by the Govt. of Kerala and handed over to the Kerala State Textile Corporation Limited in 1978.The second phase of operations started in the name of Kottayam Textiles. During this period the capacity was increased by another 9,680 spindles and 116 Spindles.

The re-opened company, M/s Kottayam Textiles, was nationalized in the year 1985 with retrospective effect from 1983, as per the Kerala Sick Textile Undertakings (Acquisition and Transfer of Undertakings) Ordinance, 1984.The Company applied for enhanced spindle capacity and as a result the same was enhanced to 26,760 with effect from 22Nov’85.

visitors counter7284
Who's Online

We have 143 guests and no members online