Home / Knowledge / News / Textiles / Lakshmi Cotsyn to invest Rs3.5 bn for phase III expansion plan
Lakshmi Cotsyn to invest Rs3.5 bn for phase III expansion plan
Jun '08
Shri Lakshmi Cotsyn Limited (SLCL), Kanpur based technology driven, end to end textile solution company, plans to further increase its on-going expansions plans by Rs 350 crore aggregating to Rs 809 crore.

Under its phase III expansion plan, the company plans to add 12,000 MT capacities in Terry Towel and 12 MW co- generation agri-based power plant for 100 percent captive consumption.

With this expansion plan, SLCL will become the second largest producer of terry towels in India with the total capacity of 15,000 MT by March 2009.

The increased capital expenditure would be financed through term loans under TUFS (Textile Upgradation Fund Scheme), Equity/FCCB/Warrants and internal accruals.

The company has already completed its Rs. 264 Crore project for terry towel, bed sheets, denim and bottom weight, Rs. 125 crore project for nylon and home furnishing and Rs.70 crore project for garments in the past two years.

The company's order book position as on June 13, 2008 is Rs 167.32 crores. These orders are to be executed in the next two months.

Elaborating on company's expansion strategy, Dr M P Agarwal, Chairman and Managing Director, Shri Lakshmi Cotsyn Limited said, “We believe that Shri Lakshmi Cotsyn, post its Phase III expansion, with its large scale facilities, fully integrated operations and a diversified rich product mix, will significantly benefit from both the export and domestic opportunities.”

Shri Lakshmi Cotsyn Limited

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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