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LMW: Spinning Success...
Lakshmi Machine Works, now on its 53rd year, has maintained its dominant position in textile spinning machinery manufacture. Its installed capacity of 3.5 million spindles is almost equal to the total annual requirement of the Indian textile industry. Despite leading global textile machinery manufacturers setting up wholly-owned subsidiary units in India, LMW continues to account for 60-65 per cent of the demand for spinning machinery.

At its sprawling works in Perianaickenpalayam near Coimbatore, LMW has a fully integrated, state-of-the-art manufacturing facility that spans the entire gamut of requirements of spinning mills.

The expertise and the infrastructure built in producing sophisticated machinery for the textile sector have been further expanded to produce a wide range of machine tools for the automobile, auto component, aerospace and other industries. LMW also has three large foundries with capacity for 54,000 tonnes of castings. Apart from meeting requirements for captive consumption, the foundries also meet other national and global demand.

LMW’s advanced technology centre specialises in the production and supply of precision parts and components for the aerospace industry.

For the year ended March 2014, total revenue of LMW amounted to Rs 2165 crore and profit after tax Rs 183.69 crore. On a paid up capital of 11.27 crore, reserves and surplus was nearly hundred’fold, amounting to Rs 1093.17 crore. The earnings per share for the year were a handsome Rs 163.04. The company paid a dividend of Rs 30 per equity share of Rs 10 each.

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