|Konark Synthetics Ltd. (KSL) was promoted in 1984 by Mr. Prakash Dalmia and Mr. Ram Niranjan Tibrewala.
KSL has two plants, one in Palghar and the other at Silvassa for fancy twisting and air texturising respectively.
In 1989, KSL went Public with an equity issue at par of Rs.60 lakhs to part finance its expansion. The Expansion envisaged setting up two more units at Silvassa and Palghar for air texturising and fancy twisting respectively. It acquired the air texturising technology and machines from Japanese AIKI. An expansion project for projectile shuttleless weaving with the latest technology is also on the anvil. The group is also setting up an other export oriented unit for the manufacture of terry towels.
Engaged in air-texturising of synthetic yarns and fancy twisting and hollow spindle, fancy doubling and twisting computerised printing of synthetic and blended yarns.
The Silvassa unit (Darda & Nagar Haveli) was commissioned from July 1989, while the Palghar(Thana) unit was commissioned in 1987.
During 1989-90, the fancy unit at Palghar suffered a set back due
reduced activity on account of frequent labour agitation,
decrease in average sales realisation of fancy yarns and increase
input yarn prices.
1990-91: The Palghar unit remained closed due to labour agitation. However, an agreement was arrived at with the union and the production was resumed from April 1991, on a single shift basis.
- Konark Synthetic Ltd has appointed Mr. Punit Desai, an Additional Director on the Board of the Company with effect from January 31, 2009.