Yarn producer Visaka posts results for quarter ended Sept 30

05 Nov '07

2 min read

Yarn manufacturer Visaka Industries Limited announced audited financial results for quarter ended 30th September, 2007.

Garments unit has been closed and assets sold as on 30 th sep'07. The loss on account of operations and sale of assets of the garments unit for the quarter ended Sep'07 is Rs 640 lacs ( Rs 77 lacs Previous year ), Half year ended sep'07 was Rs 727.65 lacs ( Rs 243 .34 lacs Previous year) and the year ended March, 2007 was Rs.495 lacs.

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Visaka Industries was established in 1985 and diversified into Textiles in 1992. In our textile division, we manufacture yarns using state-of-the-art Twin Air Jet spinning technology from Murata, Japan with 28 MTS Machines equivalent to 50,000 Ring Spindles.

We produce about 7,000 metric tonnes of yarn per year and currently export about 2,000 tonnes to countries around the globe.

Visaka is acclaimed as the biggest Unit with MTS installation in the world. We have achieved the highest productivity and highest efficiencies, maintaining the best quality standards in the world.

By adhering to stringent quality control measures and being sincere to quality systems, Visaka Industries Limited got ISO 9002 certificate in 1995 and Export House status in 2001.

Visaka Industries Limited

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