Home / Knowledge / News / Textiles / Cheslind Textiles targets 22% growth in FY'12
Cheslind Textiles targets 22% growth in FY'12
May '11
Yarn producer, Cheslind Textiles is targeting a top line growth of around 22 percent in fiscal 2011-12, over the previous fiscal. It plans to grow revenues from Rs 1.85 billion to Rs 2.25 billion.

Fourth quarter 2010-11 revenues shot up by 50 percent mainly due to increase in prices of finished goods. Cheslind also undertook an intensive de-bottle necking in all production activities, which resulted in production going up by 14 percent and cash profit shooting up by 237 percent in 2010-11.

Giving reasons for the explosive growth in the fourth quarter, Mr Prakash Maheshwari, Director - Cheslind Textiles told fibre2fashion, “There has been a 50 percent growth in the fourth quarter, basically resulting from hike in cotton prices and the consequent increase in the price of yarn. Production also rose 12-14 percent and we brought in changes in the product mix in the form of high-value added products”.

Speaking about the revision in the just announced revised Technology Up-gradation Fund scheme (TUFs), he said, “There is nothing much about the revised TUFS, however, it has been extended till March 31, 2012, which means that whatever investment is done in modernization or expansion in the spinning industry, one can avail of TUFs again”.

“We are also looking forward to making certain investment for modernization, so it will definitely help, considering that the interest rate is now 4 percent against the earlier 5 percent. TUFs has certainly helped the industry in the last few years, as productivity has gone up and now we are also able to meet global quality standards”.

When quizzed about any capacity expansion plans at Cheslind Textiles, he replied by saying, “Not in Cheslind Textiles, because our first priority is to modernize, because this mill is almost 15 years old and we need to put in money for modernization now”.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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