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Suryajyoti Spinning Mills has embarked upon a Rs 100-crore expansion-cum-modernization plan, which is expected to be executed by next year. The company is engaged in the production of cotton yarn and fabrics, will be adding 25,000 spindles to its existing capacity of 100,000 spindles at a cost of Rs 75 crore. The company would also be modernizing its existing mill at a cost of Rs 25 crore. The expansion project will be funded through debt and infusing equity.

In 2009-10, Suryajyoti had gone in for forward integration by setting up a 20-million metre weaving and processing unit at a cost of Rs 130 crore. The fabric project commenced commercial production in October 2009 adding to the company’s topline. It achieved a turnover of Rs 269.53 crore during the year as against Rs 209.5 crore in 2008-09. The company is expecting a turnover of Rs 400 crore this year and Rs 500 crore next year.crackcrack

Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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