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Private Sector | Not Classified - india | PID: 197354
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The Board of Directors of Lagnam Spintex has approved capital expenditure of Rs 212 crore for expansion of spindles
The existing capacity is 1,920 nos rotors having production capacity of approximately 16.5 tonne cotton yarn per day and 25,536 nos spindles having production capacity of approximately 18.6 tonne cotton yarn per day
The existing capacity utilisation is more than 95 percent. The proposed capacity addition is 41,472 nos spindles having production capacity of approximately 34.35 tonne cotton yarn per day
The capacity is to be added by March 2024. The project will entail an investment of around Rs 212 crore to be financed through term debt and internal accruals
The capacity addition is proposed to meet increasing demand, entry to new markets and product mix, to meet new customer base, bring competitive cost advantage and meet gain of competitive advantage
| Updated on: 18 - Jan - 2022
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