Home / Knowledge / News / Textiles / Lakshmi Cotsyn to invest Rs3.5 bn for phase III expansion plan
Lakshmi Cotsyn to invest Rs3.5 bn for phase III expansion plan
Jun '08
Shri Lakshmi Cotsyn Limited (SLCL), Kanpur based technology driven, end to end textile solution company, plans to further increase its on-going expansions plans by Rs 350 crore aggregating to Rs 809 crore.

Under its phase III expansion plan, the company plans to add 12,000 MT capacities in Terry Towel and 12 MW co- generation agri-based power plant for 100 percent captive consumption.

With this expansion plan, SLCL will become the second largest producer of terry towels in India with the total capacity of 15,000 MT by March 2009.

The increased capital expenditure would be financed through term loans under TUFS (Textile Upgradation Fund Scheme), Equity/FCCB/Warrants and internal accruals.

The company has already completed its Rs. 264 Crore project for terry towel, bed sheets, denim and bottom weight, Rs. 125 crore project for nylon and home furnishing and Rs.70 crore project for garments in the past two years.

The company's order book position as on June 13, 2008 is Rs 167.32 crores. These orders are to be executed in the next two months.

Elaborating on company's expansion strategy, Dr M P Agarwal, Chairman and Managing Director, Shri Lakshmi Cotsyn Limited said, “We believe that Shri Lakshmi Cotsyn, post its Phase III expansion, with its large scale facilities, fully integrated operations and a diversified rich product mix, will significantly benefit from both the export and domestic opportunities.”

Shri Lakshmi Cotsyn Limited

Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Adriano Goldschmied
AG Jeans

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

August 2018

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

news category

Related Categories:

Advanced Search