Home / Knowledge / News / Textiles / Priyadarshini Spinning Mills comes out of red
Priyadarshini Spinning Mills comes out of red
17
Aug '10
Priyadarshini Spinning Mills Ltd, one of India's leading producers of spun yarns, registers an increase of 42 % in its Income of Operations, which stands at Rs 5,314 lacs in the quarter ending June 30, 2010.

Speaking on the performance, Mr. Harish Cherukuri, Managing Director of Priyadarshini Spinning Mills Ltd. said, “The turn around in our operations in on track. The first quarter of the current financial year has fared as per our expectations. We have identified areas of improvement which shall be our focus in the next few quarters. These improvements should help us improve both our top line as well as bottom line.”

The company has finalized its plans to execute the 12 MW hydro power project at Dummugudem on river Godavari. The company is also working on acquiring more licenses for executing power projects based on hydro and natural gas.

Incorporated in 1981, with the capital investment of Rs 800 lakhs, today Priyadarshini Spinning Mills is a listed company and has a turnover of nearly Rs 200 crores. The company's primary manufacturing activity consists of yarn manufacturing and yarn dyeing. The company has a capacity of 82,000 spindles and manufactures 35 tons of yarn every day. This capacity is spread over two yarn manufacturing facilities.

Priyadarshini manufactures 100% cotton and synthetic blends in various qualities. With a capacity of 10 tons/day cotton yarn dyeing, it produces 100% cotton, 100% cotton mercerized, 100% Polyester and 100% Viscose in batch sizes ranging from 20kgs to 1 ton. It also exports to countries in Europe, Middle East, Turkey and Russia amongst others.

Priyadarshini Spinning Mills Ltd


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

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

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

July 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

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

Yes No

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

Yes No

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


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



X