KPR Mill Investing Rs 400 Crores in Expansion & Modernisation

Coimbatore based and one of India’s biggest vertically integrated textile mills, KPR Mill Ltd is planning to invest Rs 400 crores in modernisation and expansion of its production facilities

KPR Mill which has footprints spanning across yarns, fabrics, garments and sugar will invest Rs 100 crores to set up a Vortex spinning mill in the current fiscal.

The annual report of the KP Ramasamy led mill, also informed that it will also modernise its existing textile machineries and equipments at an outlay of another Rs 100 crores.

The company’s textile processing and printing capabilities will also be expanded at a cost of Rs 50 crores and it will also expand ethanol capacity expansion at a cost of Rs 150 crores.

KPR Mill reported revenues of Rs 4,909 crores and net profit of Rs 814 crores in the fiscal ending March 31, 2023.

The company has an installed capacity of 100,000 tons per annum for yarn, 40,000 tons per year of fabrics, 25,000 tons per annum for fabric processing and produces 157 million units of garments per year.