• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Priyadarshini Mill hives off garment unit

06 Jul '10
1 min read

In order to concentrate on its core business of spinning and yarn dyeing, Priyadarshini Spinning Mills has sold off its garment production business.

The clothing production unit has been sold to Marigold Landmark Estates for a total consideration of Rs. 106 million.

Priyadarshini will clear all its outstanding debts taken for the garment business and invest the rest in its working capital requirements.

The textile company has a production capacity to spin 35 tons of yarn per day and yarn dyeing capacity of 10 tons per day.

The company had declared a loss of Rs 78 million in the year ending March 2010. Hiving off the garment business is expected to make it profitable.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search