Home / Knowledge / News / Textiles / Nandan Exim posts healthy net profit
Nandan Exim posts healthy net profit
01
Feb '10
The Board of Directors of Nandan Exim Ltd (NEL), a part of Chiripal Group, at their board meeting held on 25th January 2010 approved the un-audited financial result for December 2009 quarter.

The company achieved sales turnover of Rs. 102.23 Cr for the quarter ended December 09 (Rs. 71.21 Cr same period previous year) and posted a healthy net profit of Rs. 4.17 Cr (loss of Rs 1.7 Cr in the corresponding period of 2008).

The improvement in the performance is due to the Indian textile sector showing signs of sustained recovery despite dominant markets for denim garments - US and Europe still groping with recession. Further, as India is emerging as a prominent consumer of denim, the demand for Denim is increasing and NEL is also in the process of increasing its denim capacity by 33% to 40 Mn meters per annum.

With completion of the expansion by March 2010, the company has chalked out a well planned strategy to expand the product basket innovatively and produce value-added Denim to cater to domestic demand and capture new overseas markets.

The ultra-modern plant of Nandan Exim Limited, located at Ahmedabad, Gujarat; employs the latest technology and has the infrastructure and initial installed capacity to produce 7 million meters of 100% cotton & blended gray cotton fabric. The denim project is equipped with an initial production capacity of 10 million meters of denim per year. The products manufactured by Nandan Exim Limited are primarily intended for sufficing the needs of the leading customers of the country and exports to the developed markets of the West and South East Asia, Europe & America.

Nandan Exim Ltd

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

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

Bani Batra

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

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
March 2017

March 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