Vardhman Textiles Limited, one of India’s leading manufacturers in the textile industry, has announced a significant capacity expansion in a move to meet the increasing demand for processed fabric. The company has approved an investment of Rs. 350 crore for enhancing its capacity by approximately 31 million meters per annum at its Vardhman Fabrics facility in Budhni, Madhya Pradesh. This strategic expansion, which comes in the wake of high utilization rates, is expected to elevate the company’s ability to serve both domestic and export markets.

The Board of Directors of Vardhman Textiles approved the proposal during a meeting held on 28th November 2024. The company has already achieved a capacity utilization of over 90%, reflecting the strong market demand for its processed fabrics. The proposed increase in capacity will enable Vardhman Textiles to better cater to this demand, further strengthening its position in the competitive textile market.

As part of its expansion plans, the company will invest a total of approximately Rs. 350 crore, with the funding to be sourced from a combination of internal accruals and debt. The expansion is projected to be completed within two years, ensuring the company is well-prepared to capitalize on the growing market opportunities.

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The capacity expansion is also in line with the company’s long-term strategy to bolster its manufacturing capabilities and further strengthen its footprint in the textile industry. With increasing demand for processed fabric, especially in export markets, this move will allow Vardhman Textiles to expand its production while maintaining its reputation for excellence in quality and innovation in the textile sector.

As one of the most recognized names in the textile industry, Vardhman Textiles continues to grow by aligning its investments with the market’s evolving needs, ensuring a stable future for the company. This expansion is expected to provide the necessary infrastructure to meet the rising demand and continue delivering high-quality fabrics to its diverse customer base.

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This expansion not only highlights Vardhman Textiles’ commitment to growth but also demonstrates the company’s dedication to meeting market demand with its enhanced production capacity. The Rs. 350 crore investment will help Vardhman retain its competitive edge while driving progress in the Indian textile sector.