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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

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

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
April 2017

April 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



X