Alok Industries is setting up a
terry-towels manufacturing unit at Silvassa in Dadra & Nagar Haveli. The project
is part of the Phase III expansion of the company with an investment of Rs.1,050
crore.
The initial production capacity of the
proposed plant will be 40 tpd, which will later be expanded to 60 tpd. The Phase
IV expansion, with an investment of Rs.1,180 crore will include addition of one
lakh spindles, a 50 MW power plant and 22.5 million metre per annum processing
capacity among other things. Work on Phase IV is scheduled for completion by
March 2009.
The first phase expansion saw an
investment of Rs.550 crore, while in the second phase, Rs.980 crore was spent
Alok Industries has also received
final approval for its special economic zone for textiles at Silvassa in Dadra &
Nagar Haveli. The project will spread over 200 acre of land and construction
work on the SEZ will begin by January 2008. The company will utilise 30-35 acres
of it for its plant with installation of 1,000 machines each for garments and
made ups.
Also See:
Alok Industries to
expand capacity (01-Feb-06)