TITLE

Shri Lakshmi Cotsyn unveils Rs. 1,200 crore capex plan

PUB. DATE
July 2009
SOURCE
Man-Made Textiles in India;Jul2009, Vol. 52 Issue 7, p255
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of a capital expenditure (capex) plan to raise capacity and create a spinning unit with one lakh spindle capacity in Uttar Pradesh, India by the multi-product textile products manufacturer Shri Lakshmi Cotsyn in 2008. The manufacturer is negotiating with some non-performing private cotton textile firms for acquisitions. A combination of 400 crore rupees in equity and 800 crore rupees in debt will finance the capex on such accounts.
ACCESSION #
45307610

Tags: CAPITAL investments;  INDUSTRIAL capacity;  SPINNING machinery;  TEXTILE industry -- Mergers;  SHRI Lakshmi Cotsyn Ltd.

 

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