Deals28 Nov 2024, 04:36 pm
Vardhman Textiles to Increase Processed Fabric Capacity by 31 Million Meters with Rs. 350 Crore Investment
AI Summary
Vardhman Textiles Ltd. has approved a capital expenditure of Rs. 350 crore to increase processed fabric capacity at Vardhman Fabrics, Budhni, Madhya Pradesh by about 31 million meters per annum. The existing capacity is 175 million meters p.a., with a capacity utilization of over 90%. The proposed capacity addition is expected to meet the increasing demand for processed fabric in both export and domestic markets.
Key Highlights
- Vardhman Textiles to invest Rs. 350 crore for capacity enhancement
- Capacity to be increased by about 31 million meters per annum
- Existing capacity is 175 million meters p.a. with over 90% utilization
- Capacity addition aimed at meeting increasing demand in export and domestic markets