news
Company Performance

India: Indo Count to invest heavily on capacity expansion; aims higher revenue

With the textile sector seeing a recovery due to stable raw material prices and growth in exports, companies such as Indo Count are looking at taking big leap forward. Indo Count, a cotton yarn spinner to bed linen and towel manufacturer with its production facilities in Maharashtra, a state in the western part India.

 

Indo Count’s revenue for 2013-14 stood at Rs 15,000 million, a rise of 23 per cent compared to 2012-13, while net profit was Rs 1103.9 million, up 274 per cent. In 2014-15, Indo Count hopes to increase its revenue to Rs 19,000 million (US$ 316.66 million) & net profit to Rs 1700 million (US$ 28.33 million). The company is planning expansion of its production capacity and aims to double it in the next few years. Currently, it’s weaving and processing capacity stands at 50 million meters; which will be increased to 68 million meters by Dec 2014. And become 112 million meters by 2016.

Textile Excellence

india: chiorino belting solutions offer the most flexibility and energy savings to users

surat textile mega cluster to focus on weaving sector

Subscribe To Textile Excellence Print Edition

If you wish to Subscribe to Textile Excellence Print Edition, kindly fill in the below form and we shall get back to you with details.