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Leading textile companies plan for expansion

16
Jan '07
Five leading textile companies like Oswal Woollen Mills, House of Pearl Fashions, Yogindera Worsted, Asahi Songwon Colors and Orient Craft are planning for their near future expansion by opening retail stores and increasing their manufacturing capacities.

These companies are planning to raise Rs10 billion through IPOs, for which they have filed their draft red herring prospectus (DRHP) with market regulator SEBI.

Total capital expenditure, for which these five companies have finalised add up to Rs1217 crore, of which the major portion would come from the market.

Oswal Group has plans of expansion by extending its `Monte Carlo' brand outlets for woollen hosiery and cotton garments.


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