Vardhman has approved an ambitious plan to revamp and modernise its spinning and fabric business with an investment of approximately Rs 2,000 crore. The plan signifies the company's commitment to expand its operational capacity while embracing sustainability.

Currently, Vardhman has a capacity of 12.37 lakh equivalent spindles and an annual production of around 175 million meters of processed fabric. As part of its expansion strategy, the company plans to add approximately 50,000 equivalent spindles including 5,520 rotors and 17,000 spindles. Additionally, Vardhman aims to venture into the Technical Textiles sector and produce approximately 15 lakh meters of fabric per month.

In line with its commitment to sustainable practices, Vardhman is set to venture into Green Power generation, exploring avenues such as solar, wind, or hybrid projects. This move echoes the company's dedication to reduce its carbon footprint and embrace renewable energy sources. Furthermore, Vardhman aims to upgrade its IT systems to streamline operations and boost efficiency.

The ambitious expansion and modernisation plan is slated to be executed within the next two years. The project will help Vardhman unlock new business synergies and secure a competitive edge in the market. Additionally, these modernisation efforts will enable Vardhaman to drive productivity gains across various business operations.