Home / Knowledge / News / Textiles / Damodar Threads to invest Rs. 1bn for expansion
Damodar Threads to invest Rs. 1bn for expansion
12
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

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search