Sutlej Textiles and Industries Ltd. will buy another group company, Birla Textile Mills, which is a unit of Chambal Fertilisers and Chemicals Ltd. “The parties are currently negotiating and finalizing the terms of the business purchase and transfer agreement and the other related transaction documents, and shall sign these documents as soon as there is consensus,” the company said. Birla Textile Mills has a plant in Himachal Pradesh with a total installed capacity of 40,320 spindles, while another 40,000 spindles were added in 2006, extending the total to 83,320.
