Update on Expansion Plan: The company is executing Expansion & Diversification Project having an aggregate outlay of Rs. 707 crores in which installation of 1,47,552 Spindles, 140 Weaving Machines, 12 Knitting Machines, Captive Power Plant of 21 MW and a Modern Process House have been envisaged.
The company has commissioned 113088 Spindles, 130 Weaving Machines, 12 Knitting Machines, the full impact of which will be reflected from Q3 onwards in current year. During the quarter, the company has installed 26176 spindles and 20 weaving machines which will start commercial production from Q3FY08.
The company expects to add another 12000 spindles by Q3FY08 and 20000 by March 2008. The work of installation of remaining part of the project is progressing as per schedule. The installation of Captive Thermal Power Plant is nearing completion.
Outlook: Mr R. P. Soni, Chairman, said, Mr R. P. Soni, Chairman, said, “Company is able to sustain the revenue growth in the most difficult and challenging scenario and is also able to pass on the increase in raw material price and also partially increase the price in international market. The demand graph of PV product is very good. We are positive on the improvement in margins once we see the stability in rupee price.”
Order Book Position: The company's products have been accepted swiftly in domestic & global markets. The company has strong order book position of Rs 140 crore out of whichRs 60crore from overseas markets.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
