Nahar group merges spinning and export subsidiaries
31 Mar '06
1 min read
Nahar group has integrated the textile business of Nahar Spinning and Nahar Exports, keeping its investments firm as independent unit.
Nahar Spinning's combined turnover would be around Rs900 crore, with cash profit of more than Rs110 crore.
It would be a core textile company from the spinning to the garment stage.
The total spindle capacity would be increased to about 3 lakh and garment exports to reach Rs200 crore level, said Dinesh Oswal, Managing Director, Nihar Spinning Mills.
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