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Sintex Industries likely to set up new Spinning Unit of Textile Division in Gujarat

12 Jul 2013 Evaluate

Sintex Industries’ Board of Directors at its meeting held on July 12, 2013, has approved for exploring the possibility of setting up of new Spinning Unit of Textile Division in the state of Gujarat under TUFS Scheme of the Central Government and Gujarat Textile Policy, 2012 for approximately 320,000 spindles at projected cost of Rs 1700 crore. It may be further increased up to 1 million Spindles in 5 years time horizon.

Sintex Industries (earlier known as The Bharat Vijay Mills has two divisions - textiles and plastics.

Peers
Company Name CMP
Vardhman Textiles 571.05
Welspun Living 202.90
Arvind 548.70
Raymond Lifestyle 668.20
K.P.R. Mill 1121.05
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