Stock Report

Lagnam Spintex announces expansion project of Rs. 212 crores



Posted On : 2022-01-15 15:26:37( TIMEZONE : IST )

The Board of Directors of Lagnam Spintex Limited has announced capacity expansion to meet increasing demand, entry to new markets & product mix, to meet new customer base, to bring competitive cost advantage and to meet gain of competitive advantage.

The company's existing capacity is 1920 Nos. rotors having production capacity of Approx. 16.5 tonnes cotton yarn per day and 25,536 Nos. Spindles having production capacity of Approx. 18.6 tonnes cotton yarn per day.

The existing capacity utilization is 95% and the company now proposes to add capacity of 41,472 Nos. Spindles having production capacity of Approx. 34.35 tonnes cotton yarn per day.

The capacity expansion will be done at an outlay of Rs. 212 crores which would be financed through term detb and internal accruals.

Source : Equity Bulls

Keywords

LagnamSpintex ExpansionProject CapacityUtilization CottonYarn Spindles