Damodar Industries has positioned itself as one of the leading integrated textile players to reap the benefits of economies of scale and become globally competitive in terms of cost and product quality. After expansion, the company’s spinning capacity stands at 36,720 spindles and 13,260 TFOs.
The company is going in for big expansion by setting up an automated fancy yarn spinning unit at Amravati (MIDC), Maharashtra. This will be a mega project involving an investment of Rs. 140 crores. This plant is expected to start commercial production from 2018. The annual sale from this plant is projected to be around Rs. 250 crores.
Damodar Industries’ turnover increased from Rs. 620.94 crores in 2015-16 to Rs. 704.27 crores in 2016-17.