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Suryavanshi Spinning in Rs 120-crore expansion mode

11 Jan 2011 Evaluate

Suryavanshi Spinning Mills Limited has embarked upon a Rs 120-crore expansion plan, which includes setting up of a Greenfield yarn production unit at a cost of about Rs 80 crore, a Rs 10-crore garment manufacturing unit and enhancement of its existing capacity with Rs  30 crore.

Apart from this, the company is planning to set up a 25 Mw coal-based captive power plant involving an investment of Rs 135 crore. It plans to get the environmental clearance and obtain fuel linkage by March 2011.  The Greenfield facility will come up near Jangoan in Warangal district, about 100 km from here.

Approximately 30 per cent of the new 35,000-spindle capacity yarn production unit would be funded through internal accruals and the remaining amount would be raised through debt. An area of 55 acres had been identified for the new unit where the power project would also be established.

Suryavanshi Spg Mill Share Price

18.29 0.00 (0.00%)
06-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 25.73
Filatex India 44.39
Nitin Spinners 412.80
Nahar Spinning Mills 242.00
Sanathan Textiles 432.20
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