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Fashion retail sales surge 27% at Aditya Nuvo in Q3FY'13

15 Feb '13

6 min read

complex in Jagdishpur (UP), at a capex of around Rs.4,000 crore, under the New Investment Policy and subject to the requisite government approvals.

-Rayon: Commissioning of the new VFY capacity using spool technology from ENKA, Germany is targeted by the end of the current financial year.

-Textiles: Capacity expansion of linen yarn from 2,300 tonnes per annum to 3,400 tonnes per annum and of linen fabric from 7.3 million meters to 10.1 million meters is targeted to be completed in the next financial year at a capex of Rs.100 crore.

Going forward, ABNL’s thrust is on capturing growth opportunities across its businesses to achieve the next higher level of growth.

About Aditya Birla Nuvo Limited

Aditya Birla Nuvo is a US$4.5 billion conglomerate. Over the years, it has made successful ventures into the service sectors viz., Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Telecom, Fashion & Lifestyle and IT-ITeS. Its razor sharp focus on manufacturing businesses has made it a leading player in Agri-business, Carbon Black, Insulators, Rayon and Textiles sectors.

Aditya Birla Nuvo is part of the Aditya Birla Group, a US$40 billion Indian multinational. The Group operates in 36 countries across the globe, is anchored by an extraordinary force of over 136,000 employees belonging to 42 nationalities and derives more than 53 per cent of its revenue from overseas operations.

Aditya Birla Nuvo

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