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JWL implements Rs225 cr expansion plan for brand recognition

14 Dec '06

1 min read

Textile giant Jindal Worldwide Limited (JWL) is executing expansion of its current business with an investment of Rs225 crores. It also plans to construct industrial estates in the city of Ahmedabad and its surrounding areas.

Jindal's board will shortly meet to finalize diversification proposals and consider alternatives regarding fund raisal of Rs61 crores for financing fast track growth schemes. Company is arranging term loan of Rs164.43 crores under TUFS.

An important objective of the expansion plan is raising weaving capacity which will cost Rs57.04 crores. After this, home textile expansion is planned with investment of Rs40.67 crores and also an apparel project with capital expenditure of Rs24.31 crores.

Expansion will increase JWL's yearly weaving capacity to 152 million meters, home textile capacity to 17.5 million meters and garment capacity to 3.5 million pieces.

Further, a yarn dying project worth Rs9 crores is in the pipeline to augment annual dying capacity to 3.3 million meters. Purpose of JWL for the move is to gain brand recognition in its own right with total assimilation from raw to readymade.

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