Promoted by the Jatias of Rajasthan, Associated Stone Industries (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.

1. ASSOCIATED STONE INDUSTRIES (KOTAH) LTD -
SHARE PRICE
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.
Article Source: Associated Stone Industries