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Jaya Shree Textiles on expansion spree

Thursday, 28 Mar 2013

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Jaya Shree Textiles, a unit of Aditya Birla Nuvo is planning to expand its manufacturing facility in Rishra, West Bengal.

Currently, Jaya Shree Textiles is undergoing a Rs 100-crore expansion project which will raise its capacity to 10 million mtrs of fabric. The current expansion is scheduled to be completed by August 2013. The company is planning further expansion upto 13 million mtrs of fabric from 10 million mtrs fabric after the completion of current expansion. This will entail another Rs 100 crore which is scheduled to be completed by 2015. The funds will be raised through internal accruals.

Meanwhile, Jaya Shree Textiles on 27 March 2013 launched its 76th exclusive showroom for its premium brand, Linen Club, in Chennai. It is planning to expand the number of exclusive brand outlets from 76 to 200 by 2015. Each outlet would require an investment of Rs 80 lakh.