Click Here for
Updated
Financial Results

SIGNIFICANT DEVELOPMENTS
1974
Veejay Lakshmi Engineering works Limited was incorporated in the year 1974 as a private Limited company. Veejay Lakshmi started its production activities in 1975 in producing Two-for-one Twisters at the engineering unit located in Sengalipalayam, Coimbatore.

1993
Veejay Lakshmi diversified into Yarn spinning by acquiring a textile mill in Udumalpet.

1994
The need to generate and utilize wind energy for the textile units led to the investment in 4 windmills of 225 KW each used for captive power consumption. In the year 1994, public issue was made at a premium Rs 75 per share. The shares have been listed at Mumbai Stock Exchange.

1995
A new spinning mill was set up at Thekkampatty, Mettupalayam, Coimbatore.

1996
In 1996, Veejay Lakshmi entered into a Joint Venture with Savio Machine Tessili for the manufacture of Automatic cone winders in India.

2001
Veejay Lakshmi Textiles Limited, a Wholly owned subsidiary of Veejay Lakshmi Engineering Works Limited was incorporated in the year 2001. The subsidiary was formed to manage the textile business of the holding company separately. The transfer of business was done on 30.03.2003.

2004
To generate additional captive power for the Engineering/Textile units 2 windmills of 750 KW Capacity and 600 KW Capacity have been installed. Termination of the Joint venture agreement with Savio, Italy.

2005
Sale of the Textile unit at Udumalpet.To meet the additional power requirements of the textile mill 3 Windmills of 600KW each have been installed.

2014
Discontinuance of manufacture of Automatic Cone Winders.

2015
Merger of the subsidiary Veejay Lakshmi Textiles Limited with Veejay Lakshmi Engineering Works Limited.

2021
Installation of Roof top solar plant of 1MW at the Textile Unit.

© Veejay Lakshmi Engg. Works. Ltd.
A Designer web site from Sushma Multimedia