Rajapalayam Mills Ltd
Rajapalayam Mills Ltd incorporated in 1936, RML was founded by Mr. P A C Ramasamy Raja, founder of the South India-based Ramco group. RML manufactures cotton yarn of counts ranging from 4s to 300s (single/double yarn), besides other value-added products; the company is based in Rajapalayam, Tamil Nadu. It has four manufacturing facilities in and around Rajapalayam,. It has a combined capacity of 132,722 spindles and 5480 rotors. RML also has wind power facilities aggregating to 35.15 megawatts (MW), which helps it control power costs. RML spent about Rs 325 crore over the past two years towards forward integration to establish a new fabric capacity and modernization project, which were completed in March 2020. Increasing contribution from higher-margin fabrics and production efficiencies arising out of this capex is expected to augur well for the company over the medium term. Additionally, RML's focus on more profitable export and corporate orders is expected to support operating...