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Shri Lakshmi Cotsyn expansion
to be completed by March
Dr. M P Agarwal,
Chairman-cum-Managing Director
Dr. M.P. Agarwal, Chairmancum-Managing
Director, Shri Lakshmi
Cotsyn Ltd. (SLCL), has said
the Rs. 992-crore expansion plan of
the company, which includes expansion
in the technical textile, denim
and sheeting project, is scheduled to
be completed in March.
Addressing the company AGM,
Dr. Agarwal disclosed that the net
sales of the company in 2010-11
increased by 17.12 per cent at Rs.
1798.38 crores as compared to Rs.
1535.48 crores in 2009-10. The net
profit rose 13.60 per cent to Rs.
104.11 crores (Rs. 91.64 crores).
Earnings per share increased to Rs.
49.35 from Rs. 45.90.
Dollar appreciation benefited the
company during the period, resulting
in a 137.08 per cent jump in
its export turnover, from Rs. 95.63
crores to Rs. 226.72 crore.
SLCL has announced a dividend
of 30 per cent, i.e., Rs. 3 per share.
SLCL is an integrated textile
player engaged in manufacturing
and processing a wide range of textile
products and technical textiles
for the defence sector. It has seven
manufacturing facilities, in Aung,
Malwan, Rewari Bujurg and Abhaypur
in Fatehpur district of Uttar
Pradesh, Sonepat (Haryana),
Roorkee (Uttarakhand) and Noida.
Its product range includes bed-linen,
terry towel, denim and bottom
weights, readymade garments, fusible
interlinings, and embroidered
fabrics and zippers. It services large
institutional clients with a range of
uniform fabrics, ballistics, 360 degree
protected armoured vehicles,
fabricated equipments such as sleeping
bags and tents and fabrics like
haversacks, facelets, and protective
clothing and casualty bags.
SLCL is a market leader in fusible
interlining with over 35 per cent
market share. Its product range is
spread across several brands such
as “STAR TRACK” (fusible interlining),
“SVL” (zippers), “ALI-
SHA” (embroidery and lace fabric),
“GALAXY” (denim trousers, garments
and bottom weight fabrics),
“WEAVES” (home furnishing) and
now the “DYFI” brand for readymade
garments.
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52 | The Textile Magazine jANUARY 2012