Post quota scenario has forced lead players in the Indian textile industry like DCM Textiles Ltd, a part of the DCM Group, to go for capacity expansion through external funding.
In effect, the company plans to raise its existing spindles capacity by 14,000 spindles and adding further 14,000 at its Hissar plant, will raise the total spindalage to 70,000 in the next two years.
Announcing this, DCM Ltd Chairman Vinay Bharat Ram said that the demand for company's yarns has gone up considerably, along with the demand for finished fabrics from the garment manufacturers who have been flooded with orders, since January this year.
Company's top-line growth would be up 50 per cent after the capacity expansion. Ram added that the company's last fiscal stood at Rs 80 crore and is expected to reach Rs 120 crore with the execution of the above plan.
Catering to domestic and niche markets, DCM makes 100 percent grey cotton yarn and melange yarns that are utilized in producing knitting fabrics and weaving terry towels.
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