Coimbatore-based leading textile company KPR Mill Limited has successfully commissioned its new apparel factory at Chengapally, Tirupur.
This unit has the capacity of producing 42 million pieces of garments annually.
Now with this facility, the total apparel manufacturing capacity of the company will increase to 157 million apparels per annum.
The company said, “Strategic plans have always been driving the growth of KPR and we hope that this expansion shall position us to meet the growing market opportunities and strengthen the bright prospects of KPR.”
The company last year had announced to invest Rs. 250 crore to start a new garment factory.
KPR Mill is one of the largest vertically integrated apparel manufacturing companies in India.
Notably, the company’s net profit jumped by 115.23 per cent to Rs. 2,422.2 million in the quarter ended September 2021 as against Rs. 1,125.4 million during the previous quarter ended September 2020.
The sales rose 27.39 per cent to Rs. 11,539.7 million in the quarter ended September 2021 as against Rs. 9,058.5 million during the corresponding quarter last year.