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
17
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

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Nuno Venda
ROQ

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

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

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

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

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

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
January 2017

January 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