The board of Vardhman Textiles has approved an investment of US $ 41.41 million to increase the facility’s capacity to produce processed fabrics in Budhni, Madhya Pradesh, the company reported. Its present capacity of 175 million meters, which is now operating at over 90 per cent utilisation, will be increased by over 31 million meters annually with the extension.
“The Board of Directors has authorised a capital expenditure of US $ 41.41 million to boost the processed fabric capacity at Vardhman Fabrics in Budhni, Madhya Pradesh, by about 31 million meters annually,” the firm said in a regulatory filing.
The expansion will be financed by internal accruals or debt and is expected to be finished in two years. Meeting the rising demand for processed fabrics in both domestic and foreign markets is the goal of the expanded capacity.
Vardhman Textiles released their Q2 FY ’25 results in October, revealing a significant 46.57 per cent increase in profit and a 4.38 per cent increase in revenue year over year. Revenue rose 8.4 per cent on a quarter-over-quarter basis, but profit fell 17.47 per cent.
