Company History - Konark Synthetics
Konark Synthetics Ltd. (KSL) was promoted in 1984 by Mr. Prakash
Dalmia and Mr. Ram Niranjan Tibrewala.
KSL has two plants, one in Palghar and the other at Silvassa for
fancy twisting and air texturising respectively.
In 1989, KSL went Public with an equity issue at par of Rs.60 lakhs
to part finance its expansion. The Expansion envisaged setting up
two more units at Silvassa and Palghar for air texturising and fancy
twisting respectively. It acquired the air texturising technology
and machines from Japanese AIKI. An expansion project for projectile
shuttleless weaving with the latest technology is also on the anvil.
The group is also setting up an other export oriented unit for the
manufacture of terry towels.
Engaged in air-texturising of synthetic yarns and fancy twisting
and hollow spindle, fancy doubling and twisting computerised
printing of synthetic and blended yarns.
The Silvassa unit (Darda & Nagar Haveli) was commissioned from
July 1989, while the Palghar(Thana) unit was commissioned in
During 1989-90, the fancy unit at Palghar suffered a set back due
reduced activity on account of frequent labour agitation,
decrease in average sales realisation of fancy yarns and increase
input yarn prices.
1990-91: The Palghar unit remained closed due to labour agitation.
However, an agreement was arrived at with the union and the
production was resumed from April 1991, on a single shift basis.
-Konark Synth plans to set up Rs 30 cr unit at Vapi.
-Board recommends dividend of 10%.
-E-mail ID for Investor Grievances :email@example.com
-Honble High Court Bombay approved the Scheme of Amalgamation for
merger of Konark Silk Mills Pvt Ltd and Excel Synthetic Pvt Ltd .
- Konark Synthetic Ltd has appointed Mr. Punit Desai, an Additional
Director on the Board of the Company with effect from January 31,
-Konark Synthetics recommended the payment of dividend of Rs. 0.50
per share (Face value of Equity of Rs. 10/- per share) on equity
-Konark Synthetics recommended dividend @ Re. 0.75 per share