Vardhman invests Rs 20 billion, expands into technical textiles

The company would invest in new capacity for technical textiles, targeting a production output of 1.5 million metres of fabric per month.

Vardhman recently sanctioned a significant enhancement and modernisation plan for its existing spinning and fabric business. It was stated that this initiative, supported by a substantial capital outlay of approximately Rs 20 billion, aimed to strengthen the company’s operational capacity and embrace sustainable practices.

It was mentioned that Vardhman currently boasted a capacity of 1.2 million equivalent spindles and produced approximately 175 million metres of processed fabric annually. As part of its expansion strategy, it was planned by Vardhman to install 5,520 rotors and 17,000 spindles, totalling about 50,000 equivalent spindles. Additionally, it was announced that the company would invest in new capacity for Technical Textiles, targeting a production output of 1.5 million metres of fabric per month.

Furthermore, it was stated that Vardhman was committed to sustainable growth and planned to venture into Green Power generation through Solar, Wind, or Hybrid Projects. It was mentioned that this initiative aligned with the company’s efforts to reduce its carbon footprint and embrace renewable energy sources. Additionally, it was announced that Vardhman aimed to upgrade its existing IT systems to streamline operations and enhance efficiency.

It was further stated that the ambitious expansion and modernisation plan were scheduled to be completed within the next 2 years. It was anticipated by Vardhman that by augmenting its operational capacity and adopting modern technologies, better business synergies could be achieved, gaining a competitive advantage in the market. Additionally, it was mentioned that the modernisation efforts were poised to enhance productivity across business operations, enabling Vardhman to meet the growing demand effectively.