Nandan Denim manufactures of superior grey cotton fabrics, khakis and denim plans to increase production capacity to 110 million meters per annum by the next quarter and become the country's largest denim producer. At present, it has a denim production capacity of 71 million meters per annum.

Out of a total capital outlay of Rs 612 crores for expansion, Nandan has already spent Rs 400 crores and the remaining Rs 212 crores will be spent in the next four or five months. The expansion program was funded through a debt of Rs 430 crores and internal accruals of Rs 180 crores. Besides denim, capacity, the company is also expanding its spinning and shirting segments. The company is increasing spinning capacity from 54 tons per day to 124 tons a day and yarn dyeing shirting capacity to 10 million meters.

The company exports denim fabric to over 28 countries. Exports will contribute about 30 per cent of the overall business in two years. Nandan Denim commenced operations in 1994 with the textile trading business and forayed into textile manufacturing in 2004. The company hopes to register a turnover of around Rs 1,400 crores in the financial year 2016-17.

www.nandandenim.com/