Board of Sutlej Textiles and Industries approves capacity expansion plan

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.

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