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Nandan Denim eyes 6-7 per cent volume growth

Nandan Denim is in the midst of expanding its capacity from 99 million metre per annum (mmpa) to 110 which would come on stream in the next three months, according to the company's president Govind Sharda.

Sharda said the company expects volume to grow at 6-7 per cent in FY17. The company will see higher realisation due to more value added products. The current share of the value added products is expected to be less than 10 per cent and realisation is around Rs 135-136 per metre for the denim fabric.

Currently, the company is operating with a capacity of 99 million meter and another three months they will be operating at 110 million meter. They are also working on building up the spinning capacities for our backward integration. So they expect all this to happen by August and September 2016.

As far as denim manufacturing is concerned, Nandan Denim was originally targeting June but was having some bit of ambitious calculations, but now the revised target is that by September end the company will be having 110 million capacity.

 
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