The Board of Directors of Vardhman Textiles has approved the plan to enhance the existing spinning capacity of the company by installing vortex machines.
The capacity augmentation will require an investment of Rs 600 crore and will be met through internal accruals and debt.
The existing capacity is 12 lakh equivalent spindles including under implementation and the proposed capacity addition is 40 vortex machines which will give 70,000 equivalent spindles approximately.