Home / Knowledge / News / Textiles / Winsome Textile on expansion mode
Winsome Textile on expansion mode
26
Aug '09
Winsome Textile, a knitting and weaving products firm based at Himachal Pradesh is looking forward to broaden its horizon, after getting clearance from banks for its debt restructuring plan, informed a top company official.

The company plans to invest Rs. 1.43 billion for this expansion and this investment will be done in three divisions; spinning, dyeing and power. The spinning and dyeing sections of the company's unit at Baddi in Himachal Pradesh are being upgraded and expanded to increase production, informed the official.

He further added that the banks have approved reconstruction of Rs. 1.2 billion term loan and sanctioned a new term loan of Rs. 188 million as well as Rs. 75 million as a corporate loan. It has also sanctioned a working capital term loan of Rs. 200 million. The total borrowing amounts to Rs. 1.663 billions, said the official.

The company is also establishing 2.5 MW hydroelectric project, the construction of which has already been started near Dharmashala in Kangra district of the state. The company is investing Rs. 250 million in this project, which will be completed by December 2010 and start operations by January 2011, he added.

Winsome Textile had achieved a turnover of Rs. 1.71 billion in the fiscal 2008-09 against Rs. 1.57 billion of the previous year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

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...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search