Home / Knowledge / News / Textiles / SEL posts 70.57% jump in FY'13 turnover
SEL posts 70.57% jump in FY'13 turnover
28
May '13
SEL Manufacturing Company Limited, a Ludhiana based integrated textile conglomerate having presence in yarns, knitted fabrics, terry towel, ready-made garments and captive power generation, has witnessed 70.57% jump in its turnover to Rs. 3975.62 crore during the financial year ended 31st March, 2013 as compared to Rs. 2330.83 crore in the last fiscal.

SEL’s consolidated EBIDTA has risen to Rs. 719.76 crore during the year ended 31st March, 2013 as compared to Rs. 392.75 crore in the previous year, registering an increase of 83.26%.

Net Profit after Tax increased from Rs. 82.47 crore to Rs. 136.99 crore, recording an increase of 66.11% during the financial year ended 31st March, 2013.

SEL is fast on its way to implementation of new units and expansions. SEL Textiles Limited, a wholly-owned subsidiary of SEL Manufacturing Company Limited commissioned the state-of-the-art Greenfield Mega Integrated Textile Park at Village Panjava, District Muktsar, Punjab in April, 2013.

In the first phase, SEL commissioned the yarn spinning section, which is being set-up with a capacity of nearly 2 lac. spindles. This Textile Park would catalyse significant additional investments in the textile industry of Punjab.

On the one hand, the plant will be ultra-modern with the latest technology and strong systems, on the other hand, special emphasis will be laid on employment of women and regional workforce besides development of green-belts.

The major raw material for the project i.e. cotton shall be procured mainly from the northern belt consisting of Punjab, Haryana and Rajasthan, hence creating value-addition for the textile sector in the region. The textile park will generate substantial employment opportunities.

The project will also contribute significantly to the State Exchequer. SEL is confident that its expansion initiatives will not only catalyse industrial activity in India but also contribute to India’s standing in the textile sector of the world.

SEL Manufacturing Company


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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