Home / Knowledge / News / Textiles / Damodar Threads to invest Rs. 1bn for expansion
Damodar Threads to invest Rs. 1bn for expansion
Sep '11
Damodar Threads Limited (DTL), a producer of specialised yarns, plans to expand by investing one billion rupees in capital expenditure.

Anil D Biyani, Executive Director of the firm, said the company will be investing a sum of around Rs. 800 million to one billion over a period of next three years to enhance the capacity of its Silvassa based plant from current 35,000 spindles to 110,000 spindles.

The firm specializes in production of fancy yarns that offer the same look and feel like linen/silk. Besides this, the firm also engages in production of synthetic, cotton and blended yarns.

Mr. Biyani said that pursuant to the expansion drive, the firm this year would invest Rs. 200 million to add 15,000 new spindles.

Out of the capital expenditure of Rs. 200 million, Rs. 60 million has been raised through equity and Rs. 140 million through debt.

While the firm has already partnered for the debt portion, it has raised equity capital by way of private placement, Mr. Biyani said and added that the firm proposes to raise the entire one billion rupees capex through equity and debt.

DTL ships its goods to over 30 countries and has a strong presence across the country through its personalized branches or agency network.

Moreover, the firm has also ventured in production of value addition fabrics which it further supplies to producers of readymade garments.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search