Spindle yarn unit for Sale in Dhar, M.P.
Arcil (Asset Reconstruction Company (India) Limited, is sponsored by Banks like State Bank of India, IDBI Bank, ICICI Bank and Punjab National Bank along with multiple Banks and FIs. Arcil has been established to acquire financial assets from banks and FIs with the objective of revival & restructuring focused management of assets and maximization of recovery. Arcil is registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) as a Securitization Company and Reconstruction Company and is a financial institution within the meaning of section 2(h)(ia) of the Recovery of Debts due to Banks and Financial Institutions Act, 1993.
Operation Status of Unit
Cotton & Blended Yarn and Polyester Yarn
Pithampur, Madhya Pradesh
Closed since Oct 31, 2016
Parasrampuria Synthetics Limited(PSL) is a Public Listed Company which operates as a part of the Parasrampuria Group.
The company has its registered address at SP-145, D-I, RIICO Industrial Area, Bhiwadi Alwar, Rajasthan 301 019
The company was engaged in the spinning of man-made fiber, including blended fiber. The company operates through the segments, including Polyester Chips/Yarn, Cotton Yarn and Terry Towel
The plants is located at Pithampur, Madhya Pradesh & was involved in production of Cotton & Blended Yarn, details are as under
plant details - pithampur
PSL set up a unit in the year 1991 for manufacture of Cotton and blended yarn with an installed capacity of 26,880 spindles (Unit – I)
The company set up another unit (Unit II) with in the same premises in the year 1994 – 95 for manufacture of Polyester yarn with an installed capacity of 18,000 spindles and the same has started production in 1996
The units are closed from October 31, 2016 and Arcil took possession of the property on February 15, 2017
District Dhar is surrounded by the districts of Ratlam to the north,Ujjain to the north east, Indore to the east,Khargone to the southeast, Barwani to the south, and Jhabua to the west. It is part of the Indore and division of Madhya Pradesh
Pithampur is a large industrial area under the Dhar District
The distance from various facilities as under
Indore Junction : 38 km
Indore Airport : 40 kms
NH-47 (Indore-Ahmedabad): 8 km
NH-52 (Indore-Mumbai) : 14kms
Property is basically a land for Industrial usage situated at Plot No. 423 to 432, 423 - 432,854 – 861 Sector III, Industrial Area, Pithampur of District Dhar in the state of Madhya Pradesh.
Landmark for the Property :
In front of Shakti Pumps in the sector III Pithampur
Nearest bus stop is 8 km away and nearest railway station is Mhow about 42 Km away
The land is allotted to company by MPAKVN on lease basis for 99 years commenced from Aug 10, 1994
The property is situated at Good Industrial Locality having a plot area are as follows
Location having facilitated with 30 meter wide RCC approach road from all the four sides
Building area : 3,29,080 sq.ft.(RCC 59,715 sq.ft & Prefab structure 2,69,366 sq.ft.)
Plot Nos. 423 - 432,854 – 861, Sector III Industrial Area, Pithampur, Dist.Dhar M.P.
2,98,500 Sq. mtrs.
sector III, pitampur layout
Asset Reconstruction Company (India) Ltd.
The Ruby, 10th Floor, 29 Senapati Bapat Marg Dadar (West),
Mumbai : 400028 Tel: +91 22 66581300/399
Meraj Sayed : 9820485425
FOR FURTHER DETAILS CONTACT :
This asset is under the possession of Arcil in terms of provisions of SARAFESI Act, 2002. The contents of this brochure are intended solely for general information purposes and should not be relied upon by any person as absolute.
Yogesh Nerkar : 9823067953