Business Update30 Sept 2026, 04:05 pm
R&B Denims Subsidiary Commences Polyester Yarn Production
AI Summary
R&B Denims Ltd announced that its subsidiary, Ricon Industries, has commenced commercial production of polyester yarn on September 30, 2026. This new venture, located in Surat, Gujarat, is a strategic move to integrate the company's textile manufacturing operations and enhance its value chain. The initial capital outlay for this project is approximately ₹25 crores. The company expects benefits such as complete quality control of yarn, better utilization of existing infrastructure, and diversification of revenue streams, reducing reliance on fabric market fluctuations. Future investments will be funded through internal accruals and/or debt.
Key Highlights
- Subsidiary Ricon Industries begins commercial polyester yarn production.
- Initial investment of ₹25 crores in machinery and infrastructure.
- Strategic move towards integrated textile manufacturing operations.
- Aims for better quality control, cost optimization, and revenue diversification.
- Enhances supply-chain efficiencies and value proposition.
Price Impact
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