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Suryalata Spinning plans giant leap in capacity expansion
13 Jan '06
1 min read
Suryalata Spinning Mills Limited is targeting a turnover of Rs 500 crore by 2009-10.
To achieve this, it is increasing its spindles capacity and setting up a weaving and processing unit investing Rs126 crore.
It has a proposal to increase capacity of its spindles by 45,000 by investing Rs91 crore by December 2006.
It is setting up a weaving and processing unit having 50,000 metres per day capacity, at an investment of Rs35 crore by March 2007.
Garment unit with a capacity of 10,000 trousers per day is planned to be set up at the cost of Rs25 crore, conveyed V K Chakravarthy, General Manager (Finance).
He said the company will raise Rs29 crore through preferential allotment of equity, Rs74 crore through term loans and Rs23 crore through internal funding.
To achieve this, it is increasing its spindles capacity and setting up a weaving and processing unit investing Rs126 crore.
It has a proposal to increase capacity of its spindles by 45,000 by investing Rs91 crore by December 2006.
It is setting up a weaving and processing unit having 50,000 metres per day capacity, at an investment of Rs35 crore by March 2007.
Garment unit with a capacity of 10,000 trousers per day is planned to be set up at the cost of Rs25 crore, conveyed V K Chakravarthy, General Manager (Finance).
He said the company will raise Rs29 crore through preferential allotment of equity, Rs74 crore through term loans and Rs23 crore through internal funding.
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