Home / Knowledge / News / Textiles / Shri Lakshmi Cotsyn aims to double production
Shri Lakshmi Cotsyn aims to double production
12
Sep '09
Shri Lakshmi Cotsyn, a textile major based at Kanpur intends to expand its existing verticals. The company, aims to double the production of its denim, terry-towel, bed-linen and cotton products in coming 12 months and has allocated Rs. 27 billion for this expansion.

This project expansion will assist the textile major to achieve a turnover of Rs. 14 billion, by June 2010, against Rs 9.37 million at present. The required funds will be raised through a combination of equity capital, internal accruals, FI funding and a public offering (FPO).

Under this expansion plan, the company will earmark Rs. 3.78 billion for terry-towels to raise its capacity from 3,000 tons to 15,000 tons per year. It will also establish a 12 MW co-generation agro-based power plant for 100 per cent captive consumption and will invest Rs. 0.75 billion for it.

In addition to this, it will invest Rs 1.6 billion in fabric manufacturing, Rs 1 billion in black-out curtains, while and Rs 3.5-4 billion in backward integration of its existing facilities. The company aims to have strategic alliances with domestic as well as foreign buyers to expand its dealer network.

Revenue of the company has been increasing at a CAGR of 46 percent since last four years. It aims to lead the market in all its operating verticals and to expand the business in most of the foreign countries, while domestic market is its initial target. For this, it will expand its retail outlets in India by June 2010.

The existing count of company's retail outlets in the country is 500, which it plans to swell up to 1500. Currently, the company has five manufacturing facilities in Uttar Pradesh, Haryana, Uttarakhand and Noida.

Fibre2fashion News Desk - India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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