Indo Count Industries gets nod to expand bed linen capacity
19th Mar 2021

Indo Count Industries’ board has approved expansion of its bed linen capacity by around 20% from its existing annual capacity of 90 Mn meters to 108 Mn meters by debottlenecking and balancing its facilities. Further, the company proposes to make a brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of around Rs 150 crore.

The existing spinning unit will also be modernized with compact spinning technology. This will entail a capex of Rs 50 crore. Post modernization, this capacity will also be used for captive consumption in the company's home textiles unit. The total capex will be Rs 200 crore and will be funded by a mix of internal accruals and debt and is expected to be operational in H2 of FY 2022. The Project Management Committee of the Board of Directors of the company at its meeting held today i.e. on March 18, 2021 has approved the same.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.