Mahavir spinning Mills has announced a large scale capacity enhancement plan which would be in the tune of Rs 1,600 crore. The investment plan is divided in to two parts. Company would invest Rs 540 crore for expanding and modernising its existing capacities of spinning, weaving and fabric processing in Himachal Pradesh and Punjab, and a Rs 1,075-crore for doubling its processing capacities and setting up additional facilities for spinning and weaving
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| in Madhya Pradesh. The company is already expanding its fabric capacity, prior to this announcement and the company’s grey fabric production reached 31.51 million meters whereas processed fabric production was 28.47 million meters in FY2005. Mahavir has been focusing on the high-margin fabrics business since last two years while its sewing thread division’s revenue grew 28 percent in quarter ended in September 05. Also, company’s exports revenue increased by almost 50 per cent to Rs 413 crore in FY05. 
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