Home / Knowledge / News / Textiles / Chiripal's Nandan Exim to expand denim production capacity
Chiripal's Nandan Exim to expand denim production capacity
27
Sep '12
Nandan Exim Limited has recorded revenue of Rs.573 crore and net profit after Tax of Rs. 19 crore for the financial year 2011-12. The Company has also recorder first quarter revenue of Rs. 175 crore and Net Profit after Tax of Rs. 6.55 crore, showing growth of 25% in terms of revenue and net profit after tax. 

Looking to the growth of the company, the company has declared a final dividend of 10% on equity share for the year 2011-12. 

Further, the Central Government has also extended Restructured - TUF Scheme up to 31st March 2013, wherein Textile Industries are eligible for 5% Interest Subsidy and 10% Capital Subsidy on certain machineries. Apart from the above, the Gujarat Government has also come-out with the scheme to boost up the textile sector wherein 5% to 7% Interest Subsidy and VAT refund to the extent of investment in Plant & Machinery and Re. 1 per unit power subsidy. 
 
Now, looking to the encouraging Central and Gujarat Government schemes for textile sector, the company has planned to enhance the production capacity by making the Capital Investment of Rs. 250 crore, which will be implemented within period of one year. Out of the total expansion of Rs. 250 crore, the financial tie-up of Rs. 175 crore has already been made and balance tie-up will be completed by December 2012. Post expansion, the company's capacity will reach to 100 million meter per annum from the existing 60 million meter per annum. Accordingly, turn-over will cross to Rs. 1000 crores.
 
Pursuing its ambitious plans of expansion, Chiripal Group laid foundations of an ultra-modern 100% cotton & blended bottomwear fabrics and the most modern & versatile denim manufacturing project called Nandan Exim Limited. 

Nandan Exim Limited

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search