The Hindu Business Line : Eskay plans Rs 350-cr expansion

Eskay K'n'IT (India) Ltd, the flagship company of the Navin Kumar Tayal enterprise, is going for an Rs 350-crore expansion to raise spinning, knitting and processing capacities. Term loans will account for Rs 150 crore with the rest coming from internal accruals.

The company will raise its spindles capacity by putting an additional 75,600 spindles at its plants located at Silvassa in the Union Territory of Dadra and Nagar Haveli, Bhilad in Gujarat and Navi Mumbai.

After expansion, the knitting capacity will go up by 13,184 tonnes per annum to 46,184 tonnes per annum and processing of fabrics will increase by 13,608 tonnes per annum to 31,608 tonnes per annum.

The company aims to complete its expansion by June 30.

In the future, Eskay plans to introduce its own brand called League & Assets through multi-branded showrooms in metro cities. It also plans to export garments to major supply chains such as Wal-Mart and Urgent Gear.

More Stories on : New Projects | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
AP Paper gets nod for $50-m issue

Eskay plans Rs 350-cr expansion

Welspun Gujarat to form JV with TMK of Russia

E-governance is but a milestone towards good governance

Standard Motors' payment buoys IOB recoveries in Q2

Tatas' passenger vehicle set for early 2007 launch

FPSO vessel to be operational by month-end: ONGC

`RIL will begin gas output from K-G Basin by 2008'

Oil cos make profit on petrol sales