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61% rise in Nandan Denim’s net profit
India’s largest denim fabric manufacturer, Nandan Denim Limited (NDL), has reported a net profit of Rs 13.93 crore for the Q3 of FY 2017-18 as against Rs 8.63 crore in the corresponding period of 2016-17, a rise of 61 per cent.
Rs 16.33-cr net profit for Nandan Denim
Nandan Denim Limited (NDL), has reported a net profit of Rs16.33 crore for the second quarter ended September 2017 as against net profit Rs 16.41 crore in the corresponding period of previous year. Net sales for the Q2 FY 18 were at Rs 414.98 crore higher by 37 per cent over corresponding net sales of Rs 302.63 crore.
Budget spin-offs LIFT HOPES
Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
Work apace on Nandan Terry’s Rs 500-cr unit
Diversified textile player Chiripal Group is setting up a Rs 500-crore terry towel facility in Ahmedabad district with an initial capacity of 10,696 tonne per annum. Nandan Terry Pvt Ltd, a wholly-owned subsidiary, will begin commercial production in December, a top company official said.
Nandan Denim to expand capacity
Denim fabric maker Nandan Denim expects to increase its production capacity to 110 million metres per annum by the next quarter. Nandan Denim Ltd (NDL) has a denim production capacity of 71 million metres per annum, at present. “We are expanding our capacity further to reach 110 million metres by Q1 of FY17 to become the country’s largest denim producer,” Nandam Denim President Govind Sharda said.
Nandan Denim fares well, expansion on
Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer has reported a net profit of Rs 15.65 crore for the Q3 of FY 2015-16 as against Rs 12.63 crore in the corresponding period of 2014-15, a rise of 23.8 per cent.
Innovative rope dyeing
India-based producer and exporter of warping, sizing and indigo denim yarn and fabric dyeing technologies, Jupiter Comtex Pvt Ltd is introducing a new innovation in Indigo Rope Dyeing technology at ITMA 2015.
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