{"id":22415,"date":"2022-02-09T16:51:35","date_gmt":"2022-02-09T11:21:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-lagnam-spintex-capex\/"},"modified":"2022-02-09T17:01:10","modified_gmt":"2022-02-09T11:31:10","slug":"biz-lagnam-spintex-capex","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-lagnam-spintex-capex\/","title":{"rendered":"Lagnam Spintex to invest Rs 218 crore for doubling capacity, expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-260854213\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1095008416\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth of around Rs 300 crore annually after completion of the project, Lagnam Spintex said in a statement.<\/p>\n<p> &#8220;After the successful completion of the proposed project at the existing facility, the production capacity of the company will rise from 35 tonnes per day to 70 tonnes per day, the capex will almost double the company&#8217;s product capacity and add a new product of &#8216;COMPACT YARN&#8217; which is seeing lot of demand in domestic as well as export market,&#8221; it said.<\/p>\n<p> The Bhilwara, Rajasthan-based company expect the installation of the additional capacity to be complete by April, 2024.<\/p><div class=\"trade-content_5\" id=\"trade-4227360317\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Lagnam Spintex Promoter and Managing Director Anand Mangal said, &#8220;We are seeing a lot of demand from our existing and new customers. Therefore, it is a right time for expansion to strengthen the company&#8217;s market position by doubling our production from the current levels.&#8221; \t The new product mix will help in adding new customer base and bring competitive cost advantage.<\/p>\n<p> The capex will be funded in 3:1 mix through debt and internal accruals.<\/p>\n<p> Lagnam Spintex&#8217;s total income for the financial year ended on March 31, 2021 stood at Rs 205.40 crore. PTI  KRH HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-3631370002\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity. The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-22415","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lagnam Spintex to invest Rs 218 crore for doubling capacity, expansion - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-lagnam-spintex-capex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lagnam Spintex to invest Rs 218 crore for doubling capacity, expansion\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity. 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