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Related Keywords: company’s board meeting, considered and approved, deferred brownfield capacity expansion plan, integrated textile manufacturing company, jammu and kashmir, manufacture polyester staple fibre, recycling of pet bottles at Samba, setting up of a green fibre project, Sutlej Textiles and Industries

Sutlej Textiles and Industries is an integrated textile manufacturing company, at the company’s board meeting held on 8 January 2018, the setting up of a green fibre project to manufacture polyester staple fibre by recycling of pet bottles at Samba, Jammu and Kashmir has been considered and approved.

Sutlej Textiles and Industries surged 5.28% to Rs 107.60 at 09:45 IST on BSE after the company's board approved setting up of a plant in Jammu and Kashmir.

Related Keywords: Acquisition of American boutique designer, add strength to home textile portfolio, based at Plains, brand of American Silk Mills LLC, contract furnishing textiles, distributor of residential, Pennsylvania, STIL, Sutlej Textiles and Industries

The acquisition of American boutique designer and distributor of residential and contract furnishing textiles and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania will add strength to home textile portfolio of Sutlej Textiles and Industries (STIL).

Related Keywords: acquisition of Birla Textiles Mills, CCI gives approval, cotton blended and acrylic yarns, flagship company of KK Birla Group, including net current assests, produces synthetic, Sutlej Textiles and Industries, textile division of Chambal Fertilisers and Chemicals Ltd, textile value-chain from yarns to home textiles

Sutlej Textiles and Industries, the flagship company of KK Birla Group, has got approval for the Rs233 crore deal for the acquisition of Birla Textile Mills, the textile division of Chambal Fertilisers and Chemicals Ltd., location at Baddi in Himachal Pradesh from the Competition Commission of India (CCI).

Sutlej Textiles in a filing to the BSE said that the Competition Commission of India has communicated to them their approval of the Proposed Combination.

Related Keywords: Chenab Textile Mills, commercial production, cotton blended dyed yarn, expansion project, home textile, Kathua unit, Rajasthan Textile Mills, spindles, STIL, Sutlej Textiles and Industries, synthetic dyed yarn, textile producer, value added cotton melange, value chain, yarn to fabric

Sutlej Textiles and Industries (STIL), one of India's leading textile producers with a value-chain extending from yarns to fabrics to home textile has announced that the company has taken up commercial production of its expansion project of 31,104 spindles to manufacture value added cotton melange and cotton blended dyed yarn at its units, Chenab Textile Mills, Kathua.

Related Keywords: expansion plan, jammu and kashmir, Sutlej Textiles and Industries

Sutlej Textiles and Industries, one of India's leading textile producers with a value-chain extending from yarns to fabrics to home textile. As part of their expansion and modernization plan would be investing Rs.175 crore in their dyed yarn unit in Jammu and Kashmir. It will add 31,000 spindles to the existing 2,60,000 spindles.

SK Khandelia, CEO and President said that they have taken a term loan of Rs.131 crore and another Rs.44 crore will be used from internal accruals for this expansion project.