 | |
| Company type | Public company |
|---|---|
| Industry | Textiles & Paper |
| Founded | 1897 |
| Headquarters | Mumbai, Maharashtra, India[1] |
Key people | Kumar Mangalam Birla (Chairman)[2] RK Dalmia (Managing Director) [3][4] |
| Products | fabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services |
| Revenue |  ₹4,827 crore (US$600 million) (2023)[5] |
| ₹272 crore (US$34 million) (2023)[5] | |
| Total assets |
₹8,452 crore (US$1.1 billion) (2023) [5] |
| Total equity |
₹3,887 crore (US$490 million) (2023) [5] |
| Parent | Aditya Birla Group[6] |
| Subsidiaries |
|
| Website | Official Website |
Century Textile and Industries is an Indian textile and paper manufacturing and export company based in Mumbai. The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulfuric acid, salt, pulp, and paper. The company also has a presence in the international textile markets and exports its products to more than 45 countries.
Century Textiles & Industries Limited is an IS/ISO 9001:2000 and ISO 14001 company. The Government of India also awarded it with 'Three Star Export House' status.[7]
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Stock Recommendation – CENTURY TEXTILES & INDUSTRIES LTD
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Valorem CXO Meet - Century Textiles & Industries Ltd
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Conservation of a 12th-century textile
Transcription
History
In 1897, the company was established as Century Textiles Limited and listed on BSE with its Registered Office at Mumbai. Till 1951, the Company operated only one Cotton Textile Mill in Mumbai.
In 1956, the company began its Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn.
The company diversified into production of cement by establishing its first cement plant at Baikunth, near Raipur (Chhattisgarh) in 1974.[8]
In 1984, it started its pulp and paper division called Century Pulp and Paper at Lalkuan, Nainital district.[9]
The textile mill stopped the production in Mumbai in 2006 due to increase in operating costs. The new plant in Jhagadia, Bharuch district, became functional in 2009 with the name Birla Century and is producing finer cotton fabrics.[10]
In 2016, Century Textiles and Industries established its real estate subsidiary called Birla Estates.
In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to UltraTech Cement in a stock swap deal.[11]
References
- ^ "Century Textiles and Industries Ltd". Centurytextind.com. Archived from the original on 26 February 2011. Retrieved 2 December 2010.
- ^ "Kumar Birla to lead Century Textiles". The Times of India. 7 April 2006. Retrieved 2 December 2010.
- ^ Sharad Vyas (17 November 2010). "BMC may take back mill land". The Times of India. Retrieved 2 December 2010.
- ^ "Century Textiles sees margin pressure as cotton zooms". The Economic Times. 22 September 2010. Retrieved 2 December 2010.
- ^ a b c d "Century textiles Q4 FY23" (PDF). nseindia.com. Retrieved 26 April 2023.
- ^ Udit Prasanna Mukherji (13 January 2010). "B K Birla plans to hike stake in group companies". The Times of India. Retrieved 2 December 2010.
- ^ "Century Textile and Industries Ltd.,TEXPROCIL, Cotton Textiles, Textile Industry India, Cotton Yarn, Fabrics, Made-ups, Handlooms". Texprocil.com. Retrieved 2 December 2010.
- ^ "Kumar on the doorstep of Century". The Telegraph. Retrieved 20 July 2023.
- ^ Chaki, Deborshi (11 May 2017). "Century Textiles looks to exit paper business". Mint. Retrieved 20 July 2023.
- ^ "Century plans mega cement expansion". Business Standard. Retrieved 20 July 2023.
- ^ "UltraTech to buy Century Textiles' cement biz through a share-swap deal". Business Standard. Retrieved 20 July 2023.
This page was last edited on 19 March 2024, at 02:43