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Sutlej Textiles to invest in expansion plan

Tuesday, 04 Feb 2014
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Sutlej Textiles and Industries, maker of dyed yarn for garment exporters, has proposed to infuse Rs 175 crore to expand its facility in Jammu & Kashmir.


To finance the investment plan, the company has taken a term loan of Rs 131 crore and the remaining Rs 44 crore will be funded through internal accruals. The company intends to add 31,000 spindles to the existing 2,60,000 spindles at the Jammu & Kashmir unit.


Meanwhile, Sutlej Textiles and Industries is also looking forward to exploring opportunities in the technical textile segment and specialised purpose textiles, used in making fire-resistant suits and those meant for high altitudes and vehicle upholstery.


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