Sutlej Textiles and Industries (STIL), a leading manufacturer of value-added dyed yarns and home textiles reported revenue of Rs 463.31 crores and profit of Rs 29.78 crores for the first quarter of 2015/16. With the company’s new capacities for producing value-added cotton mélange and cotton blended dyed yarn added last year, functioning in full swing and the work on expanding its capacities at the Bhawani Mandi commencing along with acquisition of Birla Textile Mills (BTM) in progress, Sutlej expects capacity expansion efforts to help its growth in future.
STIL is also expanding operations in the home textiles division at one of the company’s units in Damanganga Home Textiles. On completion, the annual capacity will increase to 9.6 million metres from 2.5 million metres. Sutlej also invested around Rs 17 crores in the first quarter of FY16 towards technology upgradation and debottlenecking, which is further expected to improve efficiencies and plant utilization. The company plans to invest an additional Rs 79 crores for the purpose during the year.
An ISO 9001: 2008 certified company, STIL is one of India’s largest spun-dyed yarn manufacturers and produces value-added yarns such as cotton mélange yarn, modal yarn, tencel yarn, bamboo yarn and linen blended yarn, among others. STIL exports to over 60 countries including emerging economies like Australia, Argentina, Bangladesh, Bahrain, Belgium, Brazil, Canada, China, Chile, Cuba, Egypt, France and Germany.
www.sutlejtextiles.com
