Read more about Rajapalayam Mills consolidated net profit rises 55.32% in the March 2021 quarter on Business Standard. Sales rise 55.35% to Rs 135.29 crore
Sectional warping success in India
A demo centre featuring the Isowarp as its centrepiece is set to open at the site in Ahmedabad.
23rd April 2021
In Spring 2015, Karl Mayer celebrated the start of production at its new plant in Ahmedabad in India and also launched its new Isowarp sectional warping machine.
A few years later, the Indian factory took over the construction of the Isowarp for the local market, to enable the shortest possible delivery times, the highest availability of spare parts and the best service quality, combined with all the design, quality assurance and product management expertise the entire Karl Mayer Group has to offer. Key component parts also come from the European network to ensure the highest product quality.
April 21, 2021
OBERTSHAUSEN, Germany April 21, 2021 In spring 2015, KARL MAYER’s warp preparation customers in India had two highlights to look forward to: the global player celebrated the start of production at its new plant in Ahmedabad by launching its new ISOWARP sectional warping machine at the same time. A few years later, the state-of-the-art factory run by KARL MAYER Textile Machinery India Private Ltd. took over the construction of the ISOWARP for the domestic market. Being “Make in India” facilitates the shortest possible delivery times, the highest availability of spare parts and the best service quality, and is combined with all the design, quality assurance and product management expertise that the entire KARL MAYER Group has to offer. Key component parts also come from the European network to ensure the highest product quality.
Under rights issueRajapalayam Mills has allotted 12,29,360 Rights Equity Shares of face value of Rs 10 each at a price of Rs 569 per Rights Equity
Share including a share premium of Rs 559 per Rights Equity Share.
Consequent to the said allotment, the paid up equity shares capital of the Company has increased to 86,05,520 equity shares of Rs 10 each amounting to Rs 8.60 crore.
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