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Textile firm ICIL predicts turnover of Rs 120 crore
03 Jan '06
3 min read
The plant is located adjacent to the spinning plant. It has a production capacity of 1,500 units during festive occasions.
While the company expects to maintain the Rs 120 crore market in electronics segment, it has kept its sight on its core business. It had recently embarked on a Rs 400 crore expansion plan in Home Textiles segment to manufacture table linen, bed linen, curtains and made-ups.
"We had the financial closure of the Phase-1 of expansion at Rs 206 crore. The investment is in weaving (air jet looms). Around 128 weaving machines would be installed for processing one lakh metres a day, 36 million metres a year," he said.
This new segment is expected to fetch additional Rs 450 crore in next three years. "Our internal target for first year is Rs 150 crore mainly due to the time required by a new set-up to operate at optimum level," Jain said.
The plant would be fully operational by June 2006. First three months, the company would have trial production.
Mumbai based the spinning and knitting export-oriented company Indo Count Industries Limited is a producer and exporter of cotton yarn and knitted fabrics in both greige and dyed form.
While the company expects to maintain the Rs 120 crore market in electronics segment, it has kept its sight on its core business. It had recently embarked on a Rs 400 crore expansion plan in Home Textiles segment to manufacture table linen, bed linen, curtains and made-ups.
"We had the financial closure of the Phase-1 of expansion at Rs 206 crore. The investment is in weaving (air jet looms). Around 128 weaving machines would be installed for processing one lakh metres a day, 36 million metres a year," he said.
This new segment is expected to fetch additional Rs 450 crore in next three years. "Our internal target for first year is Rs 150 crore mainly due to the time required by a new set-up to operate at optimum level," Jain said.
The plant would be fully operational by June 2006. First three months, the company would have trial production.
Mumbai based the spinning and knitting export-oriented company Indo Count Industries Limited is a producer and exporter of cotton yarn and knitted fabrics in both greige and dyed form.
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