India, 18th March 2021: Indo Count Industries Ltd., one of India’s largest Home Textile manufacturer, today announced that the Project Management Committee of the Board of Directors of the Company has approved expansion of its bed linen capacity by ~ 20% from its existing annual capacity of 90 Mn meters to 108 Mn meters by debottlenecking and balancing its facilities. Further, it proposes to make a brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of    ~ Rs. 150 crores.

The existing spinning unit of the Company will also be modernized with compact spinning technology. This will entail a capex of ~ Rs. 50 crores. Post modernization, this capacity will also be used for captive consumption in the home textiles unit.

These investments are expected to increase the revenue by ~Rs. 600 crores over the next 2 years, post commissioning. The total capex will be ~ Rs. 200 crores and will be funded by a mix of internal accruals and debt and is expected to be operational in H2 of FY 2022.