Welspun India, the textile arm of the Welspun Group, is taking to vertical integration in a big way to spur its margins in coming year. The company has also earmarked an investment of Rs 1,000 crore towards this over the next 12-18 months, which will take its raw material security on yarn and fabric from the current 35-40% to over 75%.
Further, the vertical integration project, which will result to a higher spinning and weaving capacity, is expected to be concluded up by FY14-end. The project requires installation of 170,000 spindles and 140 looms, which will potentially take the backward integration to almost 75%.
Welspun India manufactures home textile products in bed and bath segments such as bed linen, basic bedding, decorative bedding, terry towels, rugs and yarn.
| Company Name | CMP |
|---|---|
| Welspun Living | 126.75 |
| Vardhman Textiles | 549.50 |
| Arvind | 385.05 |
| K.P.R. Mill | 919.20 |
| Page Industries | 38400.65 |
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