Presently, exports consitute around 20 per cent of company's revenues and the company expects the export share to touch 50 per cent after it starts exporting yarn to South America, UK and Nigeria, said PVR Murthy, Group Finance Director of the Yash Birla Group, during his visit to Ahmedabad.
"There is a huge export potential in South America, UK and Nigeria and exports to these countries will start after the intergrated textile unit is operational," he added.
Birla Cotsyn is entering the capital market with an Initial Public Offer (IPO) of Rs. 144.18 crore to fund its expansion. The issue opens for subscription on 30 June and closes on 4 July.