Corporate News     28-May-19
Board of Rajapalayam Mills decides to shift machinery from it Andhra Pradesh unit
At meeting held on 28 May 2019
Rajapalayam Mills announced that the Board of Directors of the company at its meeting held on 28 May 2019 has decided to shift majority of machines installed at Andhra Pradesh Unit to its Parent Unit located at Rajapalayam, Tamil Nadu for better control over operations and costs. After shifting the majority of the machineries, the Company will initiate the process of selling the residual machines, land & building of AP Unit.

Total revenue generated by the Unit at Andhra Pradesh for the year ended 31 March 2019 was Rs.38,43 Crores, which constitutes 9% of the total revenue of the Company. There will not be any reduction of revenue/ profits of the Company since majority of the machineries are being shifted to parent unit at Rajapalayam.

Previous News
  Rajapalayam Mills consolidated net profit declines 71.16% in the March 2024 quarter
 ( Results - Announcements 29-May-24   15:31 )
  Rajapalayam Mills consolidated net profit declines 36.82% in the December 2021 quarter
 ( Results - Announcements 27-Jan-22   16:43 )
  Rajapalayam Mills schedules AGM
 ( Corporate News - 25-Jun-20   17:16 )
  Rajapalayam Mills fixes record date for interim dividend
 ( Market Beat - Reports 09-Mar-16   10:22 )
  Rajapalayam Mills fixes record date for dividend
 ( Market Beat - Reports 14-Jul-17   10:31 )
  Rajapalayam Mills to announce Quarterly Result
 ( Corporate News - 01-Oct-19   10:43 )
  Rajapalayam Mills gets upgradation in credit ratings
 ( Corporate News - 25-Jan-19   15:44 )
  Rajapalayam Mills to hold board meeting
 ( Corporate News - 16-May-24   15:26 )
  Rajapalayam Mills standalone net profit declines 49.70% in the March 2017 quarter
 ( Results - Announcements 25-May-17   16:46 )
  Rajapalayam Mills reaffirms ratings for bank facilities
 ( Corporate News - 28-Jan-16   18:53 )
  Rajapalayam Mills to hold board meeting
 ( Corporate News - 09-Mar-16   17:42 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top