Home / Knowledge / News / Textiles / Towel maker Welspun reports unaudited financial results
Towel maker Welspun reports unaudited financial results
11
Feb '08
Towel manufacturer Welspun India Limited announces unaudited financial results for quarter ended 31th December, 2007.

The above financial results were reviewed by the audit committee and were thereafter approved by the Board of Directors at its meeting held on 18th January, 2008.

Click here to view more details:

Welspun India Limited is one of the oldest companies under the Welspun umbrella. It was established in 1985 to manufacture 'Terry Towels'.

Over the years, through its vision and perseverance it has emerged as the largest manufacturer of Terry Towels in Asia and is currently the fourth largest, Globally.

With a capacity nearing 35,000 Metric Tonnes per annum and manufacturing facilities at Vapi and Anjar, Gujarat, W.I.L., also manufactures 'Bed Sheet Sets'.

Recently it has diversified into 'Decorative Bedding' and 'Bath Rugs'. In 2006, W.I.L. acquired 85% stake in the U.K.'s number one towel brand, 'Christy'.

This venture will be very productive as in addition to giving access to the lucrative European markets it will also boost the turnover. As on March 2007, the Turnover of W.I.L. was Rs. 9,736 million and is estimated to multiply manifold in 2008.

Welspun India Limited

Must ReadView All

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

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

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:
May 2017

May 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