Home / Knowledge / News / Textiles / Winsome Textile on expansion mode
Winsome Textile on expansion mode
26
Aug '09
Winsome Textile, a knitting and weaving products firm based at Himachal Pradesh is looking forward to broaden its horizon, after getting clearance from banks for its debt restructuring plan, informed a top company official.

The company plans to invest Rs. 1.43 billion for this expansion and this investment will be done in three divisions; spinning, dyeing and power. The spinning and dyeing sections of the company's unit at Baddi in Himachal Pradesh are being upgraded and expanded to increase production, informed the official.

He further added that the banks have approved reconstruction of Rs. 1.2 billion term loan and sanctioned a new term loan of Rs. 188 million as well as Rs. 75 million as a corporate loan. It has also sanctioned a working capital term loan of Rs. 200 million. The total borrowing amounts to Rs. 1.663 billions, said the official.

The company is also establishing 2.5 MW hydroelectric project, the construction of which has already been started near Dharmashala in Kangra district of the state. The company is investing Rs. 250 million in this project, which will be completed by December 2010 and start operations by January 2011, he added.

Winsome Textile had achieved a turnover of Rs. 1.71 billion in the fiscal 2008-09 against Rs. 1.57 billion of the previous year.

Fibre2fashion News Desk - India


Must ReadView All

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

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

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search