GHCL, a well-diversified group with a footprint in chemicals, textiles and consumer products segment, witnessed a turnover of ₹1,229 crore for its textile business in fiscal 2017. The company has been achieving a CAGR of 14 per cent in the top line of its textile business for the last 8 years and aims to achieve a CAGR of 20 per cent in this category.
“Our vision in the years to come is to become the one-stop-shop for any type of textiles product,” said RS Jalan, MD, GHCL, in an exclusive interview with Fibre2Fashion.
The spinning unit of GHCL achieved a turnover of ₹458 crore in 2015-16 and ₹540 crore in 2016-17.
Jalan said that the company is constantly upgrading its technology and expanding its production capacity. “We have recently expanded our weaving and processing capacity to 12 million metres per annum and 37.5 million metres per annum, respectively, and plan to further increase it to 45 million metres per annum by the end of this fiscal.”
In the spinning business, an airjet spinning project with 480 spindles is under implementation at Madurai. GHCL also intend to set up 3 more windmills of 2.1 MW each, thus increasing the existing capacity of 25.2 MW of captive wind energy to 31.5 MW, he added.
The company’s future plan is to continuously expand and be one among the top three players. (KD)
Click here to read the complete interview.
Fibre2Fashion News Desk – India