Sutlej Textiles and Industries Ltd. (STIL), a value-added yarns and home textile manufacturer witnessed 30.2 per cent dip in net sales in the second fiscal quarter that ended on September 30, 2014. Profits tumbled to Rs. 30 crore against Rs. 43 crore in the corresponding quarter of fiscal 2013-14. The company has invested Rs. 25 crore for technology up-gradation and debottlenecking, etc, expects that the same shall lead to improve efficiency and cost reduction. After the completion of the in-progress expansion at Damanganga Home Textiles, the capacity will increase to 9.6 million metres per annum from the present 2.5 million metres.
