Siyaram
Silk Mills, part of the Siyaram-Poddar group, has planned to invest in the
expansion of its two textile units at Tarapur and Silvassa. The capacity of the
Silvassa unit would be enhanced to 30 lakh metre per month from 25 lakh metre
per month, at a cost of Rs.30 crore. Another Rs.10 crore would be invested into
expanding the Tarapur unit’s capacity from 21 lakh metre to 26 lakh metre per
month.
The
entire expansion plan would be funded through internal accruals.