Ventura Textiles completes re-structuring of equity
24 Nov '07
3 min read
With the emerging organized retailing in India, domestic market is another big opportunity for the company. The proposed fully integrated unit will result in lower cost and will simultaneously command high realization per unit thereby the boosting bottom line”, says Mr. P.M. Rao, MD, Ventura Textiles Ltd.
The estimated cost of the project is Rs. 91.60 crores and part funding is already being tied-up. Post expansion, the Company's turnover will increase by 400% resulting to Rs. 250 crores, with a mix of export and domestic sales.
Ventura Textiles Ltd. is Manufacturer and Exporter of 100 % Cotton Fabric, Made-Ups and Home Textiles (Bed Linen). The Company is a Govt. recognized “Star Export House” and listed on BSE with current turnover of Rs.64.13 Crores.
The Company has posted Profit before Interest Depreciation & Tax is Rs. 77.39 million, whereas it was Rs. 63.01 million in the previous year. The Company has been exporting Fabric to US, UK, Europe & South East Asia for over a decade. The company over the years established itself as a reliable and Quality Exporter to distinguished clientele.
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