Skip to main content

MoneyWorks4Me

Sangam (India) gets nod for installation of 32832 spindles for manufacture of cotton yarn

22 Jul 2021 Evaluate

Sangam has received approval from board of directors for installation of 32832 spindles for manufacture of cotton yarn at Spinning Unit-II, Village Sareri Bhilwara (Raj), The Total cost of the project will be Rs 137.25 crore which proposed to be funded partly by Term Loans of Rs 102 crore and balance by internal accruals.

Sangam (India) is the largest producer of PV dyed yarn in Asia at a single location. It is also a forerunner in manufacturing ready to stitch fabric.

Peers
Company Name CMP
Vardhman Textiles 498.60
Welspun Living 211.90
Arvind 504.85
Raymond Lifestyle 500.70
K.P.R. Mill 1075.45
View more..