South-based Suryajyoti Spinning Mills has unveiled a major expansion plan involving an investment worth Rs 195 crore. According to an official release, in the phase-I, the company will be adding 25,000 spindles at a cost of Rs 45 crore. This will take its overall capacity to around 90,000 spindles In the Phase-II, the company will be setting up a fully integrated weaving, processing and garmenting capacity with Rs 150 crore outlay.

Hanil Era Textiles has partially commenced its weaving capacity with 36 looms to produce home furnishing textiles. This partial commencement is part of the planned capacity of 108 looms. The remaining capacity is likely to go on stream by the end of the calendar year. The cost of Rs 62 crore has been funded through a mix of debt and internal accruals.