Indo Count Industries plans to expand and modernize existing capacities with capital expenditure (capex) of Rs 200 crore. The project will be funded by a mix of internal accruals and debt and is expected to be operational in H2 (October-March) of FY2022. The company’s bed linen capacity will be expanded by around 20 per cent from existing annual capacity of 90 million meter to 108 million meter by debottlenecking and balancing its facilities.
The company also plans to add cut and sew facilities besides enhancing the capacity for Top of the Bed (TOB) products. It will also modernize the existing spinning unit of the company with compact spinning technology. Post modernization, this capacity will also be used for captive consumption in the home textiles unit.
The company’s home textiles plant currently operates at full capacity. The expansion is expected to increase the company’s revenues by Rs 600 crore over the next two-years.
