At meeting held on 17 September 2014
Sutlej Textiles and Industries announced that the Board of Directors of the Company at its meeting held on 17 September 2014 has decided:1. To expand the operations of one of the Company's Units viz: Damanganga Home Textiles based at Daheli, Bhilad, Gujarat at a cost of Rs. 88.50 crore. The project will be implemented in FY 2015-16 and the capacity will increase to 9.6 million metres per annum.
2. To close the operations of one of the Company's Units viz: Damanganga Fabrics, based at Daheli, Bhilad, Gujarat in view of its un-economic working. The Company is complying with the necessary requirements of law in relation to the closure of this Unit.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app