Management Team
Mr. C.S. Nopany, Executive Chairman
Mr. S.K. Khandelia, President
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Journey Began
Sutlej Textiles and Industries Limited was incorporated on June 22, 2005 and was created out of a corporate restructuring exercise in which the textiles divisions of Sutlej Industries Limited (SIL) and Damanganga Processors Limited (DPL) were demerged into Sutlej with effect from July 1, 2005. Sutlej is a part of the KK Birla Group of companies. It has inherited the legacy of SIL, which was promoted by late G D Birla in 1934 under the name of Sutlej Cotton Mills Limited, which was subsequently changed to Sutlej Industries Limited in 1995.
Products Manufactured
The company focused on niche products like cotton blended and cotton mélange dyed yarns as well as contemporary home textile designs.
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Manufacturing Facilities
Sutlej has four manufacturing units in Jammu and Kashmir, Himachal Pradesh, Rajasthan and Gujarat.
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Production Capacity
Sutlej invested periodically in capacity addition, enhancing aggregate spindleage from 1,55,456 in 2005 to 3,77,688 in 2016 . It acquired the Birla Textile Mills (BTM) spindleage capacity of 83,376 spindles in financial year 2015- 16 and is set about enhancing the company’s overall capacity by 35,280 spindles in financial year 2016-17. It increased the proportion of spindles dedicated to cotton blended and cotton mélange dyed yarns from 23% in 2011-12 to 29% in 2015-16,grew yarn production by 28.63% from 74.74 million kilograms in 2014-15 to 96.14 million kilograms. Sutlej reported aggregate capacity utilisation of 95.54%.
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Expansion Plans
In Home Textiles implemented phased capacity expansion. The first phase of 16 looms was commissioned in July 2015. Sustained the capacity expansion, following completion, the project is expected to increase to 9.6 million metres per annum by the close of FY 16-17. Its production capacity increased from 0.42 mn metres per month in 2014-15 to a projected 0.8 mn metres a month (projected commissioning by the close of 2016-17).
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Export Portfolio
Yarn exports stood at 29.84 million kilograms by volume, a 39.18% increase over the previous year. Sutlej modified its export portfolio with a growing emphasis on value-added dyed yarns, which helped improve exports by 26.59% from yarn revenues to 46 countries in 2015-16.
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Global Presence
STIL has a strong global clientele and exports to more than 55 countries. It has presence across major developed and emerging economies like Australia, Argentina, Bangladesh, Bahrain, Belgium, Brazil, Canada, China, Chile, Cuba, Egypt, France, Germany, Hong Kong, Italy, Morocco, New Zealand, Peru, Philippines, Poland, Portugal, Russia, Saudi Arabia, Sri Lanka, Turkey, the US, the UAE, and the UK. In India, it has Page Industries, Siyaram’s, Donear, Shivalik Prints, Digjam, Raymonds, Grasim as its clients.
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Financial Performance
Sutlej turnover stood at Rs. 2,271.77 crores in 2015-16 as compared to Rs. 1,87,858.42 Lakhs in FY 2014-15. Profit after tax for the FY 2015-16 was Rs.143.35 crores as compared to Rs.115. 45 crores in FY 2014-15.
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Vision
Sutlej Industries selected to increase value added dyed yarn capacity and volumes from its Bhawanimandi unit, prospectively strengthening realisations. Besides, the company plans to venture into new territories while evolving its product mix. It believes that a wider geographic footprint, larger product offering and improved product mix of value-added dyed yarns should translate into above-market growth in volumes, surpluses and margins..