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Promoted
by the Jatias of Rajasthan, Associated
Stone Industries - Share Price
(ASIL) is involved in mining and polishing Kotah stone, which is
found only in Kotah district, Rajasthan. ASIL, one of the oldest
units in this segment, commenced operations in 1945.
The
company has an enviable record of dividends, sustained consistently
since 1945-46, its first year of operations. The bonus record, too,
has been excellent. Located at Ramganjmandi near Kotah city in
Rajasthan, ASIL can lay claim to 10 sq km of leased mines, consisting
of seven plots. Of these seven mines, only one is fully mechanised.
The company implemented a Rs 15-cr mechanisation project, financed by
term loans and internal accruals.
ASIL
commissioned its on-line processing and polishing unit at Silvassa
without any slippage or cost overrun. It diversified into marble
products and is carrying out a geological survey at Kakroli near
Udaipur and had set up a plant there. In Apr.'95, Prerna Syntex
(PSL), a 100% EOU, was amalgamated with the company, to enable it to
diversify into textiles.
During
1997-98, Prerna Syntex Plant, 100% EoU located at Neemrana has
succesfully installed the capacity of 24960 Spindles to produce 4673
tonnes of Cotton combed hoisery yarn per annum, it has commenced its
production from 15th Jan.'97. During the financial year 1999-2000,
the company received the approval of Government of India for NRI
investment by way of equity shares.
The
company is planning to import Quantum Clearer machines during the
current year 2001-2002. To reduce the cost of production the company
is planning to import furnace oil based captive power plant. By
importing these machines Production of Contamination free yarn will
become possible.
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