Nandan Denim Ltd. (NDL), part of the Chiripal Group, is well on its way to becoming the largest denim manufacturer in the country and among the top five globally. The company’s proposed capacity expansion of Rs. 612 crores is progressing as per plan. The major capex orders have already been finalised and civil activities are in full swing. The company expects to commission the expansion project in the first quarter of 2017.
NDL commenced its operations in 1994 with textile trading business and forayed into textile manufacturing in 2004. It currently manufactures denims, cotton fabrics and khakis.
Headquartered in Ahmedabad, NDL has expanded its capacity from 6 MMPA to the intended 110 MMPA over the last 10 years. Further, it has worked out a capacity expansion plan to enhance the domestic market share and expand export business with an increased focus on value-added segments. Post expansion, it will become the largest denim manufacturer in the country and the fourth largest in the world, as it is well poised to tap the growing domestic and international demand for denim.
Earlier this year, the Chiripal Group announced investments to the tune of Rs. 3,640 crores over the next two years, including an outlay of Rs. 612 crores by Nandan Denim. The group will be investing around Rs. 1,306 crores to expand spinning and weaving activities of Chiripal Industries Ltd. and Shanti Exports Private Ltd. The group is also expanding polypropylene (PP) capacity and is coming up with polyester chips manufacturing, packaging film coating and converting, and manufacturing of BOPET at a cost of Rs. 1,172 crores.
The Chiripal Group is also planning to set up a knitting plant. Production of terry towels will also be undertaken at an investment of around Rs. 400 crores. A spinning park known as Dholi Integrated Spinning Park Ltd. at Dholi has been planned at an investment of Rs. 150 crores, which will house 11 spinning units and five weaving plants.