Leading textile company BSL Ltd., Bhilwara will invest Rs. 150 crore to expand its capacity and an MoU has been signed with the Department of Industries and Commerce, Rajasthan in this regard.
As per the information shared by the company, under this MoU, the company will expand its manufacturing facilities in Bhilwara. This MoU would be implemented within 2 years and would generate employment for 800 people through various projects.
The MoU was signed by Shiv Prasad M. Nakate, District Collector & Magistrate, Bhilwara and Praveen Jain, Director Operations, BSL Ltd.
Nivedan Churiwal, MD of the company said, “We are confident that based on this Capex and expansion plans, the company will achieve our targeted sales of Rs. 750 crore in two years with a very healthy bottom line.”
With the annual turnover to the tune of Rs. 450 crore, BSL is India’s leading manufacturer and exporter of suitings and furnishing fabrics and is now diversifying into cotton spinning. It is currently credited with producing over 18 million metres of fabric annually.
Also Read: AR Interview: Nivedan Churiwal (BSL Ltd. geared up to achieve double sales in next two years)
