Date: July 04, 2026
Board Meeting Outcomes
The Board of Directors meeting was held on July 04, 2026, commencing at 04:00 p.m. IST and concluding at 04:40 p.m. IST. The Board approved the proposed capacity expansion of manufacturing capacities of Vertical A of the Company at Dankuni, West Bengal.
Capacity Expansion Details
Project Location: Dankuni, West Bengal
Project Cost: Total ₹600 crores, which includes:
- Land value acquired in previous years
- New capital expenditure of approximately ₹450 crores
Capacity Details:
- Existing capacity utilization: Approximately 80%
- Proposed capacity addition: Approximately 18-20 crores pieces
- Manufacturing space addition: 12 lakh square feet
- Total built-up footprint after expansion: Approximately 20 lakh square feet
Financial Projections:
- Expected incremental annual revenue: ₹900 crores to ₹1,000 crores
- Payback period: Approximately 5 years
- Completion timeline: Approximately 6 years in phased manner
Employment Impact:
- Direct employment: Approximately 3,000 jobs
- Indirect employment: Approximately 6,000 jobs
Financing Mode: Internal accruals and debt
Strategic Rationale: Capacity expansion to cater to the Company's growth plans and address increasing future demand. Upon completion, the expanded facility is expected to become one of Asia's largest garment manufacturing facilities.