June 22, 2024
Corporates

Vardhman Investing Rs 2,000cr in Modernisation & Expansion

Ludhiana based Vardhman Textiles is modernising and expanding its existing spinning and fabric operations at a substantial capital outlay of around Rs 2,000 crore.

Additionally, the company will also foray and invest in technical textiles, targeting a production output of 15 lakh meters of fabric per month.

Currently, Vardhman operates 12.37 lakh equivalent spindles and produces approximately 175 million meters of processed fabric annually.

As part of its expansion strategy, Vardhman plans to install 5,520 rotors and 17,000 spindles, totaling to about 50,000 equivalent spindles and the expansion is scheduled to be completed in two years.

Moreover, Vardhman is committed to sustainable growth and plans to venture into green power generation through solar, wind, or hybrid projects.

This initiative aligns with the company’s efforts to reduce its carbon footprint and embrace renewable energy sources.

Furthermore, Vardhman aims to upgrade its existing IT systems to streamline operations and enhance efficiency.

By augmenting its operational capacity and adopting modern technologies, Vardhman anticipates achieving better business synergies and gaining a competitive advantage in the market.

Additionally, the modernisation efforts are poised to enhance productivity across business operations, enabling Vardhman to meet the growing demand effectively.

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