Jindal Group’s growing presence in technical textiles

During 2011-12 Jindal Cotex achieved total revenue of Rs. 274.50 crores against Rs. 271.35 crores in the previous year. Jindal Medicot Ltd., the 100 per cent subsidiary of Jindal Cotex, has set up its technical textile project at Thathal village in Una district of Himachal Pradesh for manufacturing products like cotton crepe bandage, absorbent cotton, cotton balls, pads, dental rolls, etc. The company started commercial production during the year and earned revenue from operations and trading sales of Rs. 4,711.22 lakhs.

Jindal Specialty Textiles Ltd., another 100 per cent subsidiary of the company manufacturing products like frontlit banner, fabric, general tarapuling, trucksiders, etc., has set up its project at Thathal. The company started partial production during the year and earned revenue from operations and trading sales of Rs. 1,497.51 lakhs.

Himachal Textile Park Ltd., yet another subsidiary of Jindal Cotex, has set up its Textile Park in Himachal Pradesh to provide land and necessary infrastructure facilities to the participant units. Jindal Medicot and Jindal Specialty Textiles have already set up their technical textile projects in the Textile Park. More units are keen to set up their technical textile projects there.