This apart it will also necessitate adding a design studio for garment operations, a new knitting facility at Arasur plant, doubling the capacity of the processing division from 23 tons to 46 tons a day and a compact spinning facility for value-added yarn production.
Mr Natraj also stated, “The total expansion is based on IPO that has come in August and although we have no plans for venturing into retailing immediately, we may plan it in the future.”
KPR Mill has posted a net income of Rs436.8 crore in the first nine months of operation in 2007-08.
Fibre2fashion News Desk - India
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