Sutlej Textile to invest Rs. 175 cr for J&K plant expansion.

Betting big on the growing textile market in the country, Sutlej Textiles and Industries, which makes dyed yarn for garment exporters, is investing Rs. 175 crore to expand its plant in Jammu and Kashmir.

'We have consistently been focusing on modernising our units.

'At present, we are investing in expanding our dyed yarn unit in Jammu and Kashmir.

'We have taken a term loan of Rs. 131 crore and another Rs. 44 crore will be used from internal accruals,' said SK Khandelia, CEO and President.


HBL