Over the past three decades, Suryalata has consolidated its position as one of India’s leading textile companies. Operating primarily in the realm of synthetic ring spun yarns, the company’s success has been derived by its successful operation with an innovative manufacturing technology and capturing new opportunities.
Mr. Vithaldas Agarwal, Managing Director, and Mr. Mahender Kumar Agarwal, Joint Managing Director, have ably managed to take Suryalata among the most respected and recognized yarn manufacturing companies in India. The company constantly explores ways and means to enhance offtake, widen reach and deploy technologies that bolster cost-competitiveness. As a result Suryalata’s client list features some of the biggest names in the textile industry, both in India and abroad.
Headquartered in Hyderabad, Suryalata has two manufacturing units located in Kalwakurthy and Urukondapet in Telangana with a production capacity of 93,264 spindles producing 25,000 kilo tonnes per annum of yarn. The Kalwakurthy unit has an installed capacity of 36,288 spindles with a production capacity of 30 MT per day and the Urukondapet unit has an installed capacity of 56,976 spindles with a production capacity of 50 MT per day.
Suryalata exports its products to nearly 10 countries across the world. It is involved in the manufacturing of synthetic ring spun yarns for knitting, weaving and technical applications in the count range of Ne 10s to Ne 60s in single and two-ply varieties. Further, it is also involved in the manufacturing of specialised yarns like slub yarns, fancy yarns and micro yarns as per the market requirements. Its turnover was Rs. 35,108 lakhs for 2016-17.
The company expects to strengthen its market leadership with the proposed expansion and modernisation of its Kalwakurthy plant. This will enable Suryalata to produce more value-added products and take its total production capacity to 1,05,000 spindles. The proposed expansion and modernisation is expected to cost around Rs. 83 crores. The manufacturer is not just planning to increase its spindleage but also replace the old ones. In line with this strategy, the company has embarked on a plan of installation of 32,000 new spindles to replace 20,000 old spindles and 12,000 additional spindles at a cost of Rs. 83.31 crores and take the total capacity to over 1,05,000 spindles. Looking ahead, this will translate into higher operating efficiency and enhanced product quality.
The new T-TAP policy
The company will speed up this project for procurement of equipment from October 2017 onwards as the Telangana Government is planning to reveal its T-TAP policy very soon. The company is entitled to get more incentives in the form of interest subvention, power subsidy on increased consumption of power and sales tax or GST paid on increased turnover from expansion along with a subsidy on capital investment.
Suryalata plans to install advanced technology equipment like auto doffing ring frames with RIMS and SIMS, link winding, auto doffing simplex, roving, bobbin transport system, auto packing equipment, etc., with high automation for more productivity, cost efficiency in power, labour and other operating expenses which provide better margins on products.