THE TEXTILE MAGAZINE
AUGUST 2011
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ity, 33 tons per day sewing thread
and 18,000 metric tons per annum of
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largest producers and exporters of
cotton yarn, the second largest sew-
ing thread producer and one of the
most modern and integrated compos-
ite mills in the country.
VTL has evolved over the years
from a small beginning in 1965 into
a modern textile major under the dy-
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S.P. Oswal. His vision and foresight
has given VTL an enviable position in
the textile industry. Under his leader-
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resources to innovate, diversify, inte-
grate and build its diverse operations
into a dynamic modern enterprise.
In 2010-11, VTL clocked a turno-
ver of $890 million as compared to
$668 million in the previous year.
Exports increased from $159 million
in 2009-10 to $282 million in 2010-
11 mainly due to price rise and better
product and market penetration.
In 2010-11, yarn production in-
creased from 126,146 MT to 130,861
MT. In the fabric business, grey fab-
rics production was about 114 million
metres against 108 million metres the
previous year, and sales was about
113 million metres against 108 mil-
lion metres. Production of processed
fabric increased from 60.78 million
metres to 75.44 million metres, show-
ing an increase of 24.12 per cent over
the previous year.
Capacity expansion
VTL has planned an investment of
Rs. 750 crores in expanding capac-
ity over the next couple of years. Its
spinning capacity will increase from
9,00,000 spindles to over one million
spindles. VTL will also add some 430
looms and expand dyeing capacity.
Of the capex planned, there are
three projects under implementation.
There is proposed capacity addition
of 20,000 spindles in VSM, 55,000
spindles in Anant, Mandideep, which
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