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sintex industries

Started in 1931, Sintex Industries Limited is the world’s largest producer of plastic water tank. With a business life spanning over 80 years, the company also deals in textiles and yarns. Sintex is present across major Asian, European, American, and African markets.

The company has its headquarters in Gujarat and as of 2018 Mr Dinesh Patel acts as the chairman of this huge business unit. Sintex also manufactures a wide range of plastic products, such as monolithic constructions, water storage tanks, prefabricated structures and industrial custom molding products. In the textile segment, the company focuses on specializing in men's shirting only.

sintex industries News

sintex industries shares close at Rs 21 on BSE and NSE
TIMESOFINDIA.COM / Feb 02, 2018, 17:44 (IST)

sintex industries Limited was started in 1931 and today is the world's largest producer of plastic water tank. With a business life spanning over 80 years, the company also deals in textiles and yarns. Sintex is present across major Asian, European, American, and African markets.

Sintex Plastics Technology shares fall 5% after debut at Rs 130
TIMESOFINDIA.COM / Aug 08, 2017, 11:51 (IST)

The shares of Sintex Plastics Technology, the subsidiary of sintex industries, fall 5 per cent in today's trade after making its debut at Rs 130 on Bombay Stock Exchange.

Reliance aims to acquire Sintex for Rs 2,800 crore
TNN / Feb 03, 2022, 07:32 (IST)

Reliance Industries Limited (RIL) has submitted a revised resolution plan to National Company Law Tribunal (NCLT), Ahmedabad, to acquire the debt-ridden sintex industries Ltd for an offer of Rs 2,700 crore to Rs 2,800 crore to the financial creditors, said sources aware of the development.

Sintex Q4 net dips 47% at Rs 88 crore
PTI / May 11, 2012, 14:53 (IST)

Textiles and plastics firm sintex industries on Friday said its consolidated net profit declined by 46.84 per cent to Rs 88.42 crore for the fourth quarter ended March 31, 2012, due to reduction in demand in both domestic as well as international markets.

PNB reports Rs 1,203 crore fraud by sintex industries
PTI / Oct 01, 2020, 08:36 (IST)

Public sector Punjab National Bank (PNB) on Wednesday declared its Rs 1,203.26 crore exposure to sintex industries Ltd as fraud.Pursuant to the applicable provisions of Sebi's Listing Obligations and Disclosure Requirements (LODR) and the bank's policy, "we inform reporting of borrowal fraud of Rs 1,203.26 crore in NPA account of sintex industries Ltd (SIL)," PNB said in a regulatory filing.

Ahmedabad: sintex industries defaults on non-convertible debentures interest payment
TNN / Jul 10, 2019, 08:50 (IST)

Textile manufacturer sintex industries Limited (SIL) on Tuesday said that it has defaulted in paying the interest amount on non-convertible debentures (NCDs). The company failed to pay an interest of Rs 5.86 crore on secured debentures worth Rs 250 crore.

DRI seizes Rs 70cr private jet
TNN / Jan 04, 2013, 02:38 (IST)

In an alleged import duty evasion case, pharma major Cadila Healthcare and textile and plastic firm sintex industries have been caught on the wrong foot while importing an aircraft.

Panama papers leak: Properties worth Rs 48.87 crore seized
TNN / Dec 15, 2017, 18:40 (IST)

The Enforcement Directorate has seized properties worth Rs 48.87 crore of Ahmedabad-based sintex industries on Friday in connection with its transactions in the Panama Papers leak case. The agency is investigating 47 other cases related to the Panama papers.

Hyundai Motor ties-up with Pusa Institute of Technology
PTI / Jan 31, 2017, 12:57 (IST)

New Delhi, Jan 30 () Hyundai Motor India has tied up with Pusa Institute of Technology to usher in latest automobile technologies in the curriculum in a bid to increase employability and career prospects of students.

ED seizes Rs 48 crore assets of Ahmedabad firm
TNN / Dec 16, 2017, 04:39 (IST)

Directorate of Revenue seizes Rs 70cr private jet
TNN / Jan 05, 2013, 06:38 (IST)

In an alleged import duty evasion case, pharma major Cadila Healthcare and textile and plastic firm sintex industries have been caught on the wrong foot while importing an aircraft.

ED seizes properties worth Rs 48.87 crore in Panama papers case
TNN / Dec 15, 2017, 21:24 (IST)

In a major breakthrough in Panama Papers investigations, the enforcement Directorate (ED) has seized properties worth Rs 48.87 Crore in the form of immovable assets of M/s sintex industries Limited, Ahmedabad, in Singapore.

Warburg Pincus arm to pick up 17 pc in Sintex
TNN / Feb 02, 2005, 14:39 (IST)

AHMEDABAD: Global private equity investor Warburg Pincus is picking up 17.08 per cent equity for Rs 209 crore in Ahmedabad-based plastics and textiles manufacturer sintex industries Ltd.

Panama: ED seizes over Rs 48 cr assets of Ahmedabad firm
PTI / Dec 15, 2017, 19:12 (IST)

New Delhi, Dec 15 () The Enforcement Directorate (ED) today said it has seized assets worth Rs 48.87 crore, under the FEMA law, of an Ahmedabad-based company in connection with its probe in the Panama Papers case.

Public sector banks may take Rs 6,000 crore hit on sintex industries fraud
TNN / Oct 01, 2020, 12:50 (IST)

Public sector banks face a hit of close to Rs 6,000 crore on account of their exposure to sintex industries which has been classified as a fraud by Punjab National Bank, the large lender to the company. Although banks have already classified the account as a non-performing asset, they will now have to make full provision for the loan within four quarters which is the requirement for fraud accounts.

‘Foreign’ pvt banks need govt nod to back debt recast firm
Mar 14, 2022, 03:38 (IST)

The private sector India Debt Resolution Co (IDRCL), which will help the public sector bad bank resolve non-performing assets (NPAs), will take some more time to get going as some shareholders are yet to get on board.

Sintex plans Rs 5,500cr textile unit at Pipavav
TNN / Dec 14, 2014, 17:54 (IST)

Gujarat-based sintex industries Ltd (SIL) is setting up a Rs 5,500 crore greenfield textile processing plant at Pipavav in Amreli. The plant, with a capacity of 1 million spindles, will be a composite unit for spinning, weaving and processing.

PSU banks face Rs 6,000cr Sintex hit
TNN / Oct 02, 2020, 04:00 (IST)

Punjab & Sind Bank expects Rs 1,100 crore profit in FY'23 amid bad loans resolution
Nov 20, 2022, 11:38 (IST)

Biogas lightens load on Pol, saves money
TNN / Oct 02, 2013, 07:03 (IST)

The system Rahul Jayesh Vyas adopted is simple. According to him, "He will give buckets to his neighbours to collect their organic waste, such as rotten vegetables and leftover food.