Home / Knowledge / News / Textiles / Board of Abhishek Ind OKs expansion projects
Board of Abhishek Ind OKs expansion projects
27
Sep '10
Abhishek Industries Ltd has informed that the Annual General Meeting (AGM) of the Company was held on September 25, 2010. The Board of the company has approved following projects & matters in its meeting held on September 25.

1. The Strategy Committee of the Board in its meeting held on September 25, 2010 has approved the following expansion projects:

i) Yarn Expansion Project for setting up 275904 spindles & 2040 Rotors including other balancing equipment at a total capital outlay of Rs. 1117 crores as appraised by SBI Capital Markets Ltd.
ii) Expansion cum Modernization Project in Terry Towel Division by installing 14 new Air Jet Dobby Looms along with other machineries in processing, finishing house and spinning sections at a total capital outlay of Rs. 55 crores as appraised by Corporation Bank.

2. The Company has been selected for Silver trophy for "Top Exporters - Madeups" in the category of 'Towels' and the Bronze trophy for "Highest Global Exports for textiles" for the year 2009-10 by Texprocil. The award would be conferred on the Company in Texprocil award function scheduled to be held on September 28, 2010.

3. The operations of Terry Towel Division (Unit 3) of the Company which had been disturbed due to explosion of Chemical storage tank have been normalized.

Abhishek Industries Limited is engaged in the manufacture of terry towel, agro-based paper and yarn.

Abhishek Industries Ltd

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

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

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 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