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Integrated textile manufacturer Alok net profit up 25.67%
31 Jan '07
2 min read
Mileta, based in Czech Republic, is a leading European manufacturer of high quality shirting fabrics, batistes and voiles, complete line of functional table linen, bed linen and exclusive handkerchiefs. The acquisition is scheduled to conclude in the current quarter.
Phase I & II of the expansion projects aggregating to Rs.1175 crore is complete with only spinning and terry towel projects scheduled for completion by March and September 2007 respectively. Phase III of the expansion project aggregating to Rs.1100 crore is also on stream.
The company through a wholly owned subsidiary is setting up a textile SEZ in Silvassa and having received the in-principal approval from GOI for this purpose has acquired around 132 acres of land.
Phase I & II of the expansion projects aggregating to Rs.1175 crore is complete with only spinning and terry towel projects scheduled for completion by March and September 2007 respectively. Phase III of the expansion project aggregating to Rs.1100 crore is also on stream.
The company through a wholly owned subsidiary is setting up a textile SEZ in Silvassa and having received the in-principal approval from GOI for this purpose has acquired around 132 acres of land.
Alok Industries Ltd
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