Century Textiles and Industries is planning to grow its real estate business. The company is predicting a capital requirement of Rs 2,000 crore for the development plan of 25 million square feet in five years, to grow real estate venture and expecting the divesting of cement division to help cut debt and provide firepower to invest into real estate and paper business.
The company has a portfolio of land parcels of 30.8 acres at Worli and 132.4 acres at Kalyan in Mumbai and 45 acres at Talegaon in pune, totalling 208.2 acres.
Century Textiles & Industries has a wide portfolio that includes the manufacture of yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.
