Lagnam Spintex Ltd share Price Today

Lagnam Spintex Limited was incorporated as a private limited company with the name"Lagnam Spintex Private Limited" at Bhilwara, Rajasthan on June 11,2010. Subsequently, the Company was converted into Public Limited Company and name of the Company was changed to Lagnam Spintex Limited"on January 31,2018. The Company is an ISO 9001:2015 certified Company engaged in the business of Manufacture and Export of Cotton Yarn. The Company is engaged in the manufacture of high quality open end yarn ranging from count Ne 4 to Ne 20 which is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics. The company has been recognized as "One Star Export House" by the Director General of Foreign Trade with a certificate valid from 2017 to 2022. The Company has also received OEKO Tex certification. The company focuses on timely and most competitive price delivery, maintaining long term relations and ensuring high quality cotton yarn is manufactured for which it has also been certified by USTER Technologies AG thus demonstrating the ethics and processes adapted by the company. In September 2018, the Company came up with a Public Issue of 60,00,000 Equity Shares by raising money from public aggregating to Rs 24.6 Crore. The Expansion Project of 25536 ring spindles at a total cost of Rs 125.40 Crores to produce 100% cotton yarn was implemented and commercial production started w.e.f. 31st July 2019. The Solar Power Plant of 1.7 MW was commissioned in January, 2022. The Company`s Expansion Project for installation of 41,472 spindles of 100% compact cotton yarn at a cost of Rs. 218 Cr. having Production Capacity of approx. 34.35 tonnes cotton yarn per day was completed and the commercial production started w.e.f. 31 January, 2024.

Lagnam Spintex share price as on 17 Jul 2024 is Rs. 152.49. Over the past 6 months, the Lagnam Spintex share price has increased by 63.09% and in the last one year, it has increased by 170.13%. The 52-week low for Lagnam Spintex share price was Rs. 59.05 and 52-week high was Rs. 163.25.