The Indo Count Industries’ Project Management Committee of the Board of Directors of the company has approved expansion of its bed linen capacity by approximately 20 percent from its existing annual capacity of 90 million mtr to 108 million mtr by debottlenecking and balancing its facilities.
Further, it proposes to make a brownfield investment for adding commensurate cut and sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of approximately Rs 150 crore.
The existing spinning unit of the company will also be modernised with compact spinning technology. This will entail a capex of approximately Rs 50 crore. Post-modernisation, this capacity will also be used for captive consumption in the home textiles unit.
These investments are expected to increase the revenue by approximately Rs 600 crore over the next two years, post-commissioning.
The total capex will be approximately Rs 200 crore and funded by a mix of internal accruals and debt and is expected to be operational in H2/FY22.