Sutlej Textiles and Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 17, 2014 has decided to expand the operations of one of the Company�s Units viz: Damanganga Home Textiles based at Daheli, Bhilad, Gujarat at a cost of Rs 88.50 crore.
Sutlej Textiles and Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 17, 2014 has decided:1. To expand the operations of one of the Company's Units viz: Damanganga Home Textiles based at Daheli, Bhilad, Gujarat at a cost of Rs. 88.50 Crore. The project will be implemented in FY 2015-16 and the capacity will increase to 9.6 million metres per annum.2. To close the operations of one of the Company's Units viz: Damanganga Fabrics, based at Daheli, Bhilad, Gujarat in view of its un-economic working. The Company is complying with the necessary requirements of law in relation to the closure of this Unit.Source : BSE
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