18 Apr 2022 , 08:28 AM
Brijmohan Chiripal, Managing Director, said, “These investments will lay the groundwork for the Company's next phase of expansion. These investments will further enhance our market reach and grow the market share of the Company in the Denim Segment.”
Further, the company plans to add 2nd denim line with 10 Mn Mtr per annum capacity which will commence at the start of H2FY23. The company currently has 8 existing denim lines with an annual capacity of 80 Mn Mtr per annum. With these additional 2 lines, annual capacity will increase to 100 Mn Mtr per annum at Dholi Unit.
These investments are expected to increase the revenue by ~Rs160 crore/per line considering the full year of operation.
The total capex will be ~Rs30 crore and will be funded by internal accruals. The capex for these lines directly ramps up production of Denim Fabric without incurring any additional capex for any other process/machinery.
With these two additional new lines, the company will be able to cater to domestic and export demand for Denim fabric.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.