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Sutlej expands capacity in Rajasthan textile mills

Sutlej Textiles and Industries a leading manufacturer and exporter of value added dyed yarns (synthetic and cotton mélange) with a presence in home textiles is creating new capacities in its Rajasthan textile mills for producing value added products and expansion of home textiles is progressing as per schedule. Once completed, these will enable the company to enhance its domestic as well as global footprint.

The company’s Board of Directors of the company has recommended the highest ever dividend in the history of the company at Rs 13 per equity share for the year ended March 2016.

Sutlej due to its strategy of focusing on operational efficiency, organic and inorganic growth through capacity expansion both in spinning and home textiles has reported increased revenues and profits during the year. Revenue is at Rs 558 crores. EBITDA is at Rs 77 crores. Net profit is at Rs 49 crores.

Financial year 2016 has been a challenging year due to the global economic slowdown and the stressed rural economy in the country. In spite of challenging headwinds for the sector with margins under pressure, Sutlej will continue to concentrate on enhancing its scale of operations which will ensure consistent performance coupled with growth.