Sutlej Textiles and Industries have received approval to acquire Birla Textile Mills, located at Baddi in Himachal Pradesh, as a going concern from Chambal Fertilisers and Chemicals, on a slump sale basis. Birla Textile Mills is a division of Chambal Fertilisers and Chemicals.
Sutlej Textiles and Industries has 2,60,872 spindles for spinning yarn, six million meters a year for apparel fabrics, 1.6 million trousers a year and three million meters a year for home textile fabrics. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.
Chambal Fertilisers and Chemicals is one of the largest private sector fertiliser producers in India. It has two hi tech nitrogenous fertiliser plants in Rajasthan.
Global contents also translated in Chinese
Sutlej to buy Birla Textile
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