Supreme Yarns is planning capacity
expansion of its cotton yarn unit in Ludhiana district of Punjab. The project will entail an investment of Rs.204
crore for a period of
two years.
Out of the total cost project,
- Rs.120 crore will be invested in
the enhancement of spinning capacities,
- Rs.60 crore to set up a composite
unit to manufacture knitted garments for export markets,
- Rs.15 crore for the expansion of
dye house
- Balance Rs.5 crore for upgradation
of the existing spinning plant.
The project will be funded through
institutional lending of about Rs.150 crore and market borrowings of about Rs.50
crore. The firm has also plans to diversify into knitting and garment
manufacturing.