Rajapalayam Mills gets nod to establish Yarn Dyeing, Weaving Unit

30 May 2018 Evaluate

Rajapalayam Mills has received an approval to establish Yarn Dyeing and Weaving Unit as a Division of the company. The Board of Directors of the company at their meeting held on May 29, 2018, approved the same.

 The company is expected to increase the Sales turnover by 25% and corresponding increase in profits. The capacity of Loom state greige fabric is 10 Million Meters per annum and Dyed yarn is 1 Million kg per annum. The estimated project cost is worth Rs 265 crore and mode of finance is bank borrowings and internal accruals. It is expected to commence the commercial production during the Q1 of the Financial Year 2019-20.

Ramco Windfarms is engaged in generation and sale of electricity through windmills. Rajapalayam Mills is engaged in manufacture and sale of yarns.


Rajapalayam Mills Share Price

1107.10 55.00 (5.23%)
23-Dec-2024 11:09 View Price Chart
Peers
Company Name CMP
Trident 33.87
Filatex India 63.12
Nahar Spinning Mills 289.00
Nitin Spinners 477.00
Sutlej Textiles&Inds 69.33
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