>>
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

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

ESTEEMED CLIENTS

Page Industries Limited (Bangalore)
Restoque S.A.
PVH Corporation
Gokaldas Exports Limited
Puma
Sportmaster Ltd.
C;&A Sourcing International Ltd
Groz-Beckert East Asia LLP
Maceton Limited
Arvind Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vianney Textil Hogar S.A. De C.V.
Hirdaramani International Export Private Limited
LC Waikiki
Bluestem Global Sourcing Limited
Helly Hansen Far East Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Lululemon Athletica Inc
Lisa S.P.A.
Green Fibre
T.T. Limited
Alix Partners
Lifestyle
Under Armour Global Sourcing Ltd
BIANCA
Vardhman Textile Ltd
BIMBA ;& LOLA SL
Walmart
KAS Direct Sourcing
Rosset ;& Cia Limited
Boardriders Asia Sourcing Limited
MAS Active / MAS Kreeda / MAS Bodyline
Chico’ FAS
TESCO INTERNATIONAL SOURCING LIMITED
Midas Clothing Limited
Babyshop
SYNERGIES HONG KONG LIMITED
Decathlon
Asos
Esprit Europe Services GmbH
Tchibo GmbH
Recron Polyester from Reliance Industries Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Rayonese Textile Inc., Division de Culp Inc.
Abit
Gloria Jeans
KIABI
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
J ;& P Coats
Splash
Brandix Lanka Limited
IDH – The Sustainable Trade Initiative
Truetzschler India Private Limited
Eastman Chemical Company
Grasim Industries Limited
The LYCRA Company Singapore  Pte. Ltd
SHAHI Exports Pvt Ltd
Gap International Sourcing Limited
Sportswear Company Spa
Hela Clothing Pvt Ltd
Huntsman (Singapore) Pte Ltd
Tory Burch Hong Kong Ltd
Landmark Group
International Textile Manufacturers Federation
Sainsbury's Argos Asia Limited
John Varvatos
Varner AS Retail
Guess Europe Sagl,
Calvin Klein
Etam Group Strategy Hong Kong Limited
Aramark Uniform ;& Career Apparel, LLC
Cat Tuong Real Estate Group Joint Stock Company
H;&M Hennes ;& Mauritz (Far East) Ltd
Alison Hayes Romania
IKEA of Sweden AB
Lenzing Aktiengesellschaft
NITI Aayog
Seasalt Limited
OVS Hong Kong Sourcing Ltd.
G-Star Raw C.V.
Desigual - ABASIC, S.A.
Chori Company Limited
The Top Form Brassiere Manufacturing Company Limited
Amazon China
Benetton Group
Target Corporation (MN)
Reiter India Private Limited
Phong Phu international JSC (PPJ)
Aquarelle Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD

January 2022

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


Advanced Search