“Scaling up of garment capacity from 59 million pieces to 95 million pieces per annum, that elevates KPR as one of the largest garment manufacturing company in India, is in progress,” the company said in its filing.
“This expansion drive sustains KPR's commitment towards value addition,” it added.
The project is expected to be completed in nine months' time. The estimated project cost of Rs 120 crore will be funded through internal accruals and debt.
A significant processing capacity expansion will be made as a part of this project. There will be a 100 per cent capacity addition from 25 MT to 50 MT per day.
Advanced Cold Processing Technology, which reduces water and energy consumption with the elimination of salt usage during the process, will also be an area of consideration in the project.
Fibre2Fashion News Desk – India