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Ventura Textiles plans Rs 91 cr expansion

Tushar Pawar  |  Mumbai/ Nashik 

Nashik-based Ventura Textiles Ltd, a manufacturer and exporter of cotton fabric, made-ups and home textiles (bed linen), is planning Rs 91.60 crore expansion plan within a year.
The company, after expansion, expects a turnover of Rs 250 crore from the present turnover of Rs 64.13 crore.
Ventura Textiles has its manufacturing facility at Gonde, 25 km from Nashik. The company manufactures cotton fabric, made-ups and home textiles (bed linen). The company has a turnover of Rs 64.13 crore. The company has been exporting fabric to the US, UK, Europe and South East Asia for a decade.
The company is planning to set up in-house wide-width dyeing and processing units adjacent to its existing spinning and weaving unit at Gonde, near Nashik.
The company is planning to modify the existing spinning plant with ring spindles. This will enable it to produce a higher quality of yarn for its bed linen fabric. The expansion project, expected to be complete early during FY 2008-09, is estimated to cost Rs 91.60 crore.
"With this expansion, we will have an integrated unit with spinning, weaving, dyeing and finishing, and cut and sew operations under one roof. The environmental factors have also been given top priority by installing imported new generation zero discharge effluent treatment plant. With its the units equipped with advanced technology, Ventura will be in a position to cater to the top high-end quality conscious retailers of US and Europe," the company executive said.
Presently, the company's sales turnover is Rs 63.13 crore. After expansion, the company's turnover is expected to reach up to Rs 250 crore.
During FY 2006-07, the company posted a profit before interest, depreciation and tax of Rs 7.74 crore, against Rs 6.3 Crore during the previous year.

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First Published: Thu, July 26 2007. 00:00 IST