GHCL in Rs 90 cr spread

After acquiring US-based Dan River for home textile business, GHCL is now in the process of increasing its spindle capacity at the cost of around Rs 90 crore.

"The process of increasing capacity is already underway at our spindle unit from 85,000 spindles to 1,40,000," said Nikhil Sen, senior general manager "� finance & strategy GHCL.

He said the company is at a very close to initiating commercial production for its recently-established home textile unit at Vapi.

Sen further said, "Our facilities at the Vapi unit, which specialises in wide-width fabric, will help us cater to the growing demands of global trade focussing mainly on Dan River products."

We would leverage this global sourcing footprint to promote the Dan River brand in the western markets and also further substantiate our brand portfolio within the juvenile and other segments such as within the retail and specialty stores with more upcoming brand promotions, he maintained.

Talking about the capacity Sen said, "Our home textiles unit in Vapi is greenfield project and we are in the process of increasing its capacity to 36 million tonne per annum."

He also added that the company's priority is to integrate the initiatives and consolidate business operations.

According to Sen, the company is still looking for various mergers and acquisition options. However, he refused to disclose details of further mergers and acquisitions plans.