Alps Industries to invest Rs.750 crores to augment business plans

Alps Industries Ltd has announced that the Company has finalized plans to invest around Rs 400.00 crores over the next 18 months to augment its spinning, weaving, processing and fabrication capacities as well as other related activities. Pursuant to this expansion, the turn over of the Company is likely to touch Rs 750.00 Crores by the end of next Financial Year i.e. 2007-08. The exports are also expected to grow correspondingly and are expected to reach around 25% of the total turnover.

Source : Equity Bulls

Keywords