Sutlej Textiles has acquired Birla Textile Mills. The acquisition will help increase its market share and the company is expecting a double digit growth in the current year.

The existing capacity of Sutlej Textiles is 2,93,000 spindles and after the acquisition it will go up to 3,77,000 spindles, a 25 to 30 per cent increase in capacity. The company is also looking to increase its capacity in the home textiles segment, from 2.6 million meters to 9.6 million meters at a capex of Rs 88 crores.

Sutlej Textiles has also lined up a Rs 270 crores project for about 35,000 spindles. Sutlej is one of India’s leading textile producers with a value chain extending from yarns to home textiles. It has a presence in several countries.

Sutlej exports value added synthetic and blended dyed spun yarn. It is a prominent manufacturer of cotton and cotton blended dyed and mélange yarn. Sutlej Textiles is also among the few exclusive spinners in India for specialty yarns such as modal, lyocell and tencel. The company is a one-stop shop for all types of spun yarns.

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