Sutlej Textiles and Industries is planning invest Rs 175 crore to expand its plant in Jammu and Kashmir (J&K). Further, the company has taken a term loan of Rs 131 crore and another Rs 44 crore will be used from internal accruals.
The company is adding 31,000 spindles to the existing 2,60,000 spindles at the Jammu and Kashmir facility. Besides, the company has two more home textile and synthetic fabric units.
Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.
The company is adding 31,000 spindles to the existing 2,60,000 spindles at the Jammu and Kashmir facility. Besides, the company has two more home textile and synthetic fabric units.
Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.
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