Welspun India Ltd., (WIL), part of the US $ 3 billion Welspun Group, among the top three home textile manufacturers in the world witnessed strong growth in revenue and operating profit in the second quarter of the fiscal which increased by 22 per cent as compared to the corresponding period of the previous year. Furthermore, company’s expansion project Rs. 12 billion with capex is half-way through. The 170,000 spindles and 140 looms, which are part of this plan producing bed sheets, towels and other made-ups, have started commercial operations effective 30th September, 2014. The remaining capex of around Rs. 13 billion is expected to be completed over the next two years.
