KPR Mill has moved higher by 6% to Rs 220, increasing its past 2 days 11% rally, after textiles firm said it started extension plans in its garment business in order to meet improved demand in garment exports.
The company is extending capacity at its established facility & plans to set up a new facility near Tirupur – Asia’s largest Knitwear cluster, KPR Mill said in a declaration.
The company plans to add capacity of 10 million pieces per annum (p.a.) at its established garment facility. This will improve its present capacity of 30 million pieces to 40 million pieces per annum (single shift). The facility is predicted to be operational while in the 1st quarter of FY15.
The company said it has decided to set up a new garment facility with capacity of 12 million pieces p.a. at Thekkalur, near Tirupur.
These capacity enhancements are predicted to enhance the overall garment procedures of the company by over 50% in 2 years, it included.
The share opened at Rs 209 & hit a low of Rs 204 on BSE. A combined 218,000 stocks changed hands on the counter so far on BSE and NSE.
EPC WORLD NEWS BUREAU
The post KPR Mill Pull Out Assembly For Development Plan appeared first on EPC World.