AR 21-22
- The Company has a spindle capacity of 1,14,096 located at Hisar with approx. 2500 MT of monthly production.
New plant at Hisar
- Capacity: 43776 Spindles
- Approx. Construction Cost: 160 Cr.
- Total Spindle Capacity: 158000 spindles (Post Completion)
FY22 was a game changer for DCM Nouvelle; our annual revenue surpassed 900 crores, the highest ever for our company; the yarn industry was experiencing a commodity upcycle; easy monetary policy; inflation rose significantly; however, this year saw a significant increase in demand, resulting in higher profits.
Company entered and committed to enter into specialty chemicals through its subsidiary.
Many foreign textile companies have invested or working in India some of which are Rieter, Trutzschler, Saurer, Soktas, Zambiati, Bilsar, Monti, CMT, E-land, Nisshinbo, Marks & Spencer, Zara, Promod, Benetton and Levi’s.
Indian government has come up with several export promotion policies for the textiles sector. It has also allowed 100% FDI in the sector under the automatic route. The Rs. 10,683 crore (US$ 1.44 billion) PLI scheme is expected to be a major booster for the textile manufacturers. The scheme proposes to incentivise MMF (man-made fibre) apparel, MMF fabrics and 10 segments of technical textiles products.
After the expansion, production capacity will go up to about 3400 MT/month.