Sutlej Textiles and Industries clocked in a turnover of Rs 1,674 crores during the first nine months of the current financial year as compared to Rs 1,546 crores during the same period last year. Sutlej is into value-added dyed yarns and home textiles.
The company has undertaken an expansion project of 35,280 spindles for producing value-added cotton mélange and cotton blended dyed yarn. Sutlej will install 17 circular knitting machines by June next. Home textile capacity is being expanded to 9.6 million meters a year. An increased presence in the home textile segment will result in further strengthening Sutlej’s end-to-end operations – yarn to home textiles.
The company has also been continuously upgrading and modernizing its existing manufacturing facility. It has invested around Rs 49 crores during the first nine months of the current financial towards technology upgradation, debottlenecking etc. This will result in further improvement in efficiency and sustaining plant utilization.
The total spinning capacity of the company presently stands at 3,80,714 spindles. Sutlej has a strong global clientele and exports to more than 60 countries. The industry has seen a sharp increase in the cost of raw materials such as cotton and manmade fibers. Despite such adverse pressure on margins, Sutlej has been able to withstand the headwinds with full capacity utilization due to its diversified portfolio of value-added products.