Home textiles major Welspun India has earmarked capital expenditure of Rs 600 crore in FY22 for completing expansion projects across its three business verticals.
The company expects its top line to grow by over 15 percent in FY22 on the back of expanded capacities and with customer demand remaining buoyant.
The expansion projects of flooring, advanced textile and home textile businesses, which were in different stages of progress in FY21, will get completed in FY22.
The company has earmarked capex of around Rs 225 crore over FY21 and FY22, and will see the benefits accrue from as early as Q1/FY22.
In the home textile segment, the company has an annual capacity of 80,000 tonne for bath linen, 90 million mtr for bed linen, 10 million sq mtr for rugs and carpets. Capacity utilisations for these stood at 88 percent, 77 percent and 82 percent respectively in FY21.
For advanced textile, the annual capacity for Spunlance was 10,000 tonne with capacity utilisation of 92 percent in FY20. The same for needle punch was 3,000 tonne with capacity utilisation of 34 percent, while that of wet wipes was at 75 million packs and capacity utilisation of 28 percent.
In the flooring vertical, the expected annual capacity at full capex for soft flooring is 16.3 million sq mtr and 10.7 million sq mtr for the hard flooring segment.