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.
| 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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