Welspun India to scale up its yarn and cotton production at Gujarat plants

18 Feb 2013

In a bid to reduce dependence on external sources for raw materials, Textiles firm Welspun India is planning to scale up its yarn and cotton production at its two plants in Gujarat. In this regard, the company will invest up to Rs 1,000 crore in the next fiscal.

The Mumbai-based firm, which exports over 90 per cent of its production, has also set a target to achieve a turnover of $1 billion in the next four years from $650 million at present.

At present, the company is generating about 40% of its total requirement of yarn and fabric from its facilities. After expansion, it will go up to 75%. The company currently produces 44,000 metric tonnes of towels, 45 million meters of bed linen and 10,151 metric tonnes of rugs per annum.

Related Welspun India Ltd. Links:

Welspun India Share Price

49.40 0.00 (0.00%) Aug 12, 18:01
1 Year Price Chart
Peers
Company Name CMP
Arvind 34.40
Welspun India 49.40
PDS Multinational 266.30
Vardhman Textiles 710.95
Garden Silk Mills 11.50
View more..
Sensex vs Welspun India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback