According to a release issued by the company to the BSE today, the company will add 25,000 spindles, at an investment of Rs 45 crore, in the first phase to take the overall capacity to 90,000 spindles.
The planned unit, which will come up in the district of Mahabubnagar, Andhra Pradesh, will start commercial production in the second half of 2006, the release added.
The company is also working on the feasibility of setting up a fully integrated state-of-art weaving, processing and garmenting unit with a total investment outlay of Rs 150 crore in Phase II, the release said.
