ARVIND MILLS' POWER PROJECT IN GREEN TROUBLE
Article Abstract:
Arvind Mills Limited's (AML) captive power project is facing problems with the environmental committee set up by the Gujarat State Government. The State Government had set up a 15-member expert committee for evaluating environmental impact assessment reports for thermal power projects in Gujarat. The committee has asked AML to install a system for recharging the groundwater at its proposed 26 mw captive power plant. AML is setting up a Rs1,000 crore textile project at Santej in the Mehsana district of north Gujarat. AML has opined that installation of a recharging system is not required since the water table in that area will automatically go up once the Narmada Canal starts functioning in the next two years. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ARVIND MILLS ENTERS KNIT GARMENTS SECTOR
Article Abstract:
Arvind Mills Limited (AML) has entered into the knit garment sector. It has set up a plant at Santej near Ahmedabad. The plant produces 600 knit garments per day. It has a capacity to produce 16 tonnes of cotton knits per day. AML plans to increase its capacity to 16,000 garments per day by the end of the third quarter of 1999. The Santej unit has been set up in technical collaboration with Alamac Knits Inc of US. AML has received orders for knit garments from international brands like FILA. It proposes to increase the capacity of the knit garments unit to 3,000 garments per day by the end of 1998 and 8,000 pieces per day by April 1999. (um)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ARVIND MILLS NET DROPS TO Rs15.2 Cr
Article Abstract:
Arvind Mills Ltd (AML) has posted a fall in its net profit to Rs15.28 crore during the quarter ended September 30, 1998 (Rs60.28 crore during the quarter ended September 30, 1997). During the period, it posted a nine percent rise in its sales to Rs464 crore (Rs424.78 crore) and a 12 percent rise in the exports to Rs201.59 crore. AML also posted a fall in the operating margin to 11 percent (21 percent). During the first half of 1997-98, the denim sales grew by 28 percent to 39.7 million metres (30.9 million metres). (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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