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Quarterly Results of Sutlej Textiles and Industries

Sutlej Textiles & Industries Ltd is one of India's largest integrated textile manufacturing companies with a presence across the value chain – from yarn to home textiles.

Sutlej Textiles & Industries Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 1,253.29 Crore) operating in the Textiles sector.

Net Sales/Income from operations 577.77 crores v/s previous quarter 670.98 crores. Net Profit/(Loss) For the Period for the quarter ended 24.02 crores v/s 31.13 crores in the previous quarter. 

Sutlej Textiles & Industries Ltd. Company is a company that is listed on the Bombay Stock exchange (BSE) and the National Stock Exchange (NSE). The company declares its results every quarter and board meeting of the company is held regularly. Sutlej Textiles & Industries Ltd. is managed by a board of directors with appropriate guidance from the top management.

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(The news article has not been edited by DFU Publications staff)

Yarn Manufacturers in India - Sutlej Textiles

 

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Quarterly Results of Sutlej Textiles and Industries

Techtextil India gears up for its first-ever post-pandemic edition through its hybrid exhibition in November

08 November 2021, Mumbai:

India’s leading trade fair in technical textiles, nonwovens, and composites, Techtextil India, is ready to make a comeback through its hybrid edition launch from 25 – 27 November 2021.

With a series of live product demonstrations, insightful knowledge sessions and B2B networking opportunities, the multimodal trade fair will provide a strong avenue for technical textile professionals to reimagine their business potential.

After a successful grand edition in 2019, Techtexil India is all set to return for the very first time since the pandemic. The three-day exhibition will be hosted in a hybrid format from 25 – 27 November 2021, Bombay Exhibition Centre, Goregaon which will unite technical textile players from across its varied application areas.

Top technical textile brands including JB Ecotex, PARK Nonwoven, Loyal Textiles Lenzing, Mehala, Meera Industries, amongst many others will showcase their latest products at the hybrid fair. Moreover, leading German brands exhibiting at Techtextil India 2021 will be hosted under the German pavilion.

The conjunction between the physical exhibition and the online business matchmaking platform will make way to a wider range of networking. Local and international visitors who are unable to attend the venue will be able to witness the exhibition virtually through the ‘MFI virtual app’ which will host live knowledge sessions and product demonstrations for visitors.

The two-day multimodal trade fair allows the visitors to search for specific products like fibers, yarns, nonwovens, machinery, coated textiles with easy-to-use filters further to which they can share their queries or connect directly with the respective exhibitors.

At the same time, visitors attending the venue will be welcomed under a well-organized physical exhibition following the government-authorized safety protocols of ‘MFI SafeConnect’. These protocols will enable visitors to engage in secure face-to-face interactions with exhibitors and witness the latest technical textile technologies and innovations in person.

Apart from being an ideal platform to source the latest technical textile products, Techtexil India has always been a crucial meeting place for the industry to interface and build new relationships with professionals from across the value chain.

Even amid the disruption created by consecutive lockdowns, Messe Frankfurt India continued to keep the flame of industry burning, to remain connected and well-informed through a series of webinars and Techtexil India Digital Connect sessions.

Returning for the very first time post-pandemic, Techtexil India 2021 will act as a unifier for the technical textiles segment players to come together and discover the way forward for the industry. 

Commenting on the aim and focus of the hybrid exhibition, Mr. Raj Manek, Executive Director, and Board Member, Messe Frankfurt Asia Holdings Ltd, shared: “After a tough and lengthy period of slowdown, I am sure that the industry is eager to head full steam forward and regain its momentum. There are plenty of lucrative opportunities in technical textiles, owing to the reforms and schemes introduced by the Indian government.

Through Techtexil India 2021, we aim to provide a collaborative atmosphere that the industry needs to get back on its feet and look ahead towards the future. Moreover, the return of face-to-face exhibition combined with the virtual model will open doors to excellent sourcing, collaboration, and learning opportunities for professionals.

I greatly look forward to welcoming the technical textile industry back on the show floor of Techtexil India.”

Alliance with the Government of Tamil Nadu

In a bid to strengthen indigenous production through the state and attract investors, the nodal agency for investment promotion and facilitation for the Government of Tamil Nadu – Guidance has signed up for Techtextil India 2021.

Furthermore, technical textile players from Tamil Nadu such as Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Leister Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd have also confirmed their participation for the exhibition.

Announcing a close co-operation with Messe Frankfurt India for the 2021 edition, Ms. Pooja Kulkarni, IAS MD & CEO, Guidance Tamil Nadu, stated: “While there are several inherent advantages for the growth of technical textiles in Tamil Nadu specifically, many raw materials used in the production of sanitary products, artificial ligaments, seat belt webbings, airbags are still heavily imported.

In this context, the alliance with Techtextil India Forum can help us reduce import dependency and bring investments in R&D, manufacturing, innovation by partnering with global technical textiles companies.”

With 50% of India’s textile mills in Tamil Nadu and complementary clusters of knitting, weaving, and medical devices manufacturing in Coimbatore, and Tiruppur, the region provides immense opportunities for Meditech investments.

Two petrochemical and refinery units – One in Cuddalore and another in Nagapattinam by CPCL is in the process of being established in Tamil Nadu. These units will enable the availability of MMF raw materials for the textile industry across the state. Hence, manufacturing in Tamil Nadu can be a win-win arrangement for investors as India provides access to the burgeoning market as well.

International expertise with German pavilion

Techtexil India 2021 edition will feature an exclusive German Pavilion showcasing products and technologies from top German manufacturers, including Autefa Solution Germany GmbH, DILO Systems GmbH, Emtec Electronic GmbH, Georg Sahm GmbH & Co, Karl Mayer Verwaltungsgesellschaft mbH, Merz Maschinenfabrik GmbH and Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co.

Moreover, the Indian representatives of brands from Austria, China, Italy, Spain, Taiwan, Turkey, the UK, and the USA have also participated in the exhibition.

Product launches and live demos

The show floors of Techtexil India 2021 will be flurried with product launches and the latest technological offerings brands across the different application areas.

The physical exhibition format will showcase a series of key product launches from brands, including Autefa Solutions, DiloGroup, Meera Industries, Sicam, Suntech Geotextile, and Weavetech, among others while the virtual exhibition format will feature live product demonstrations exclusive for the visitors tuned in life.

The return of Techtextil India through the new hybrid edition will provide a strong reboot to the industry by facilitating business collaboration, sourcing, and learning opportunities in technical textiles.   

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Techtextil India gears up for its first-ever post-pandemic edition through its hybrid exhibition in November

Arvind Ltd reports Q2 net profit ₹71 crore

28th October 2021, Mumbai:

Arvind Limited (A corporate group), One of India's prominent textile manufacturers & arguably the largest integrated textile and apparel company with an overwhelming retail footprint & presence Pan-India and is considered to be a pioneer cum industry leader within the denim sector.

The company this Wednesday has reported within the corporate earning season," Consolidated net profit for Q2 as Rs 71.06 crore for the ended September 2021 period, this quite certainly comes on the back of improved consumer sentiments driving up volume growth trajectory across segments.

However, to place it on record the company did post a net loss of Rs 5.86 crore through the same quarter of the Yester FY.

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2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

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Arvind Ltd reports Q2 net profit ₹71 crore

The Southem India Mills Association (SIMA) appealed its stakeholders to hold out as cotton prices likely to stabilise going forward

03 November 2021, Mumbai:

The Southem India Mills Association (SIMA) has exhorted its stakeholders to stay cautiously optimistic holding out to let the prices stabilise given the better than last year yield expected going forward. SIMPLICITY

Given the prevailing demand supply global trade dynamics the trade witnessed elevated cotton prices per candy to 2.67,000 in September 2021 from 2.55,000 per candy prevailing earlier and this unfundamental price hike has been hovering since the beginning of September, SIMA meeting was to meet this emerging panic situation only and urged/ advised trade buyers/ end users to keep a close tab on the evolving market situation & stay nuanced.

The possible unfolding of this crisis situation is a fallout of accelerated demands thrown open by pandemic as the global and domestic markets have started to offtake surprisingly robust quantities on sustainable basis notwithstanding the 10 percent import duty levied on cotton have only worsen the case and is led to the situation in India what we confronting today.

Although the supply constraints is expected to ease off with the start of the new season with around 100 lakh bales of opening stock and likely estimate 'CAI' has put out (around 360 lakh bales) is a reason enough to hold out and see in the coming weeks the cotton price stabilising.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

The Southem India Mills Association (SIMA) appealed its stakeholders to hold out as cotton prices likely to stabilise going forward

Reliance-Acre submit Expression of Interest (EoI) for ailing SINTEX Industries Ltd

27th October 2021, Mumbai:

Reliance Industries (RIL) teaming up with (ACRE) Assets Care & Reconstruction Enterprise Ltd, Varde Capital-backed Aditya Birla Asset Reconstruction Company, a Welspun Group entity & foreign fund CarVal Investors, etc. have put out expressions of interest (Eol) for ailing (SIL) Sintex Industries Ltd, agencies report.

Sources quote," The other Eol applicants comprise Edelweiss Alternative Assets Advisors Ltd. Asset Reconstruction Company of India, Prudent ARC, Ludhiana based Trident Ltd. Bangalore based Himaksinka Ventures, Punjab based Lotus Hometextile, Mumbai based Indocount Industries, Nitin Spinners, and GHCL.

Although the textile side of Sintex group is interesting as it is supposed be a quality supplier to 'Marquee Global Fashion Brands' such as Armani, Hugo Boss, Diesel, Burberrys of the fashion universe.

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1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Reliance-Acre submit Expression of Interest (EoI) for ailing SINTEX Industries Ltd

Cotton Association of India (CAI) estimates 2021-22 Season 'Cotton Production' to 360.13 lakh bales

1st November 2021, Mumbai:

The Cotton Association of India (CAI) last Saturday shared its estimation on the cotton output to be around 360.13 lakh bales for the said crop year (October-September) 2021-22, thankfully on the back of the expectation of improved yield.

CAI ESTIMATES COTTON CROP FOR 2020-21 SEASON AT 356 LAKH BALES - TEXTILE  VALUE CHAIN

As a quick comparison to the corresponding period, "The total cotton production in the Yester season is estimated at 353 lakh bales, which was lower by 7.13 lakh bales to the current estimated yield, the CAI reported.

"The heartwarming news is that cotton yield is estimated to be robust and the growers are anticipated to go in for the third and fourth pickings due to adequately good availability of water on the back of a satisfactory monsoon season this year," CAI president Atul Ganatra alluded to PTI.

Let us make no mistake that," The estimate comes at a juncture when the cotton prices are hovering at the exponential price levels of ₹64,500 per candy (for 29mm ginned variety) whilst for ₹8,800 for a quintal of raw cotton respectively to reflect the existing state of affairs.

 

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1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

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5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Cotton Association of India (CAI) estimates 2021-22 Season 'Cotton Production' to 360.13 lakh bales

Textile ministry clears 'Geo-Textile Application' pilot projects in infrastructure projects

25th October 2021, Mumbai:

The Ministry of Textiles (Mot) has given a nod in the infrastructure projects (roads. highways, railways, water resources) to the Pilot Project waiting in the wings on skilling of Design/ Commissioning technical personnel related to the application of geo-textiles.

The Ministry of Textiles (Mot) is to team up with the pilot projects together with IISc, Bangalore, IIT-Madras, and IIT Roorkee, the government agencies report.

The Faculty mandated to coordinate the respective fields of Engineering has to look after the execution side of the specific/ requisite courses in close co-od with the other related centers.

The fundamental construct goes like this; Single batch shall comprise a range of 75 to 100 candidates. Whilst the pilot phase, 2 batches are designated singularly out of the 3 assigned Institutes. Furthermore, in the persuasion of the skill development special course has to undergo scrutiny & a review by the constituted Directorate or the Ministry of Textiles (Mot).

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1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

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4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Textile ministry clears 'Geo-Textile Application' pilot projects in infrastructure projects

Experts suggest that India's brand image should be based on sustainability

23rd  October 2021, Mumbai:

Leading clothing manufacturing countries have a strong brand image all around the world. While China is recognised for its capacity to 'produce scale,' Bangladesh and Sri Lanka are known for their 'cost' and 'quality,' respectively. 

In India, however, such a brand image is lacking. Experts from throughout the textile supply chain are certain that India can develop a strong sustainable brand identity.

The subject was discussed at Texcon, a virtual conference hosted by the Confederation of Indian Industries (CII), where experts unanimously agreed that sustainability should be a strong brand image for the Indian textile and apparel export business. 

Marks & Spencer India's Head of India & Sri Lanka Region, Nidhi Dua, urged that India should strive for sustainability as a brand identity.

India should focus on transparency and traceability, as well as improving cotton quality and branding, according to Mark Green, Executive Vice President, PVH Supply. 

He talked about how the US performed a wonderful job in this area and how the Indian government could do the same. Along with sustainability, India could brand its high fashion value clothing, according to Ashish Kumar, CEO, Arvind Advanced Materials, Arvind Envisol, and Garmenting. 

He stated that there is a lot going on in the area of sustainability and that India needs to spotlight this.

The notion of PDCA - Patent, Discover, Content, and Availability – was expressed by Rajnish Bhatia, CEO of Trident Group, who added that in order to make sustainability a "Brand India" image and boost overall textile exports, whatever progress India is undertaking must safeguard them. 

“Just as the photography business was threatened by cellphones, the textile sector might be threatened by any other industry. Today, there are many different types of dryers that may be used to dry one's body after a bath without the need for a towel. 

"There is a new advancement in which the body is perfumed by using a specifically constructed towel, and a person does not require a separate perfume," he stated. 

He went on to say that, as far as content goes, India needs good narrative telling to generate excitement about its efforts, and that, on top of that, we must ensure "availability," since there are supply chain difficulties all over the world. 

Raymond Ltd.'s Vice President and Head of Textile Manufacturing, Harish Chatterjee, discussed how the company is expanding internationally while adhering to the principle of sustainability.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Experts suggest that India's brand image should be based on sustainability

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