The Board of Sutlej Textiles & Industries has approved setting up of a greenfield project.
The greenfield project involves 89,184 spindles comprising of cotton mélange yarn and PC grey yarn along with dye house in Jammu & Kashmir.
The estimated cost of the project is Rs 914 crore funded through internal accruals and debt. The project will be implemented around Q4/FY25.
The existing capacity of the company in yarn production is around 4.21 lakh spindles.