Home / Knowledge / News / Textiles / GHCL's textile business turnover for FY17 was ₹1229 cr

GHCL's textile business turnover for FY17 was ₹1229 cr

02
Aug '18
Courtesy: GHCL
Courtesy: GHCL
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


Must ReadView All

Pic: Shutterstock

Textiles | On 29th May 2020

Aatma Nirbhar Bharat Abhiyan needs to step up: Crisil

The steps announced by the government for the micro, small and medium ...

Pic: Shutterstock

Apparel/Garments | On 29th May 2020

Bangladesh’s Beximco exports 6.5 million PPE gowns to US

Bangladesh’s Beximco Group recently exported 6.5 million personal...

Pic: LC Waikiki

Apparel/Garments | On 29th May 2020

Turkish clothing brand LCW uses Iran as production hub

Turkish clothing brand LC Waikiki has placed an order with Iranian...

Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2020

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


Advanced Search