Fabric manufacturer BSL, formerly Bhilwara Synthetics , has planned a capital expenditure of Rs 150 crore to augment cotton spinning capacity at its facility in Rajasthan and is aiming at Rs 700-crore revenue during the 2023-24 fiscal, a company official said.
The capital expenditure (capex) will also help boost sales and profitability, BSL’s Managing Director Nivedan Churiwal.
“We are focusing on revenue, growth and a healthy bottom line and will invest Rs 150 crore at our facility in Rajasthan’s Bhilwara to expand spinning capacity,” BSL’s MD Nivedan Churiwal said.