BTPL Increases Production At Tarapur Plant From 100,000 Meters To 150,000 Meters Per Day

March 04, 2021

Category: General

Country: India

Article by:
Sutanuka Ghosal Last Updated: Mar 01, 2021, 12:49 PM IST

Synopsis
Recently, BTPL completed an Rs240 crore equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II (an Indian growth private equity fund), Think Investments (a San Francisco-based investment firm), and others.

BRFL Textiles Private Limited (BTPL) has increased production at its Tarapur plant from 100,000 meters per day to 150,000 meters per day due to improved capacity utilization within two months of raising private equity funding.

BTPL aims to reach its annual processing capacity of 144 million meters (400,000 meters per day) over the course of time.Recently, BTPL completed an Rs. 240 crore equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II (an Indian growth private equity fund), Think Investments (a San Francisco-based investment firm), and others.

Speaking on expanding the capacity utilization of BTPL’s Tarapur unit, Mr. Prashant Agarwal, Managing Director at BTPL , said “Over the years, the fabrics from our Tarapur plant have earned the trust of our customers for its superior quality and design innovation & uniqueness. With the influx of PE funds, our manufacturing capacities are now being further leveraged to expand our output and market presence. We will continue to invest in people and maintenance capex to ensure that our state-of-the-art equipment at our plant is well oiled, efficiently run and complies with all regulatory standards. In serving our customers with timely deliveries of new-age fabrics and by supplying innovative designs, our Tarapur unit is poised to grow into one of the leading fabric processing houses in the country.”

A release issued by the company said that BTPL’s Tarapur plant is India’s largest single roof fabric processing unit supported by its captive power, effluent treatment, RO water, and other utilities enabling cost competitiveness. The state-of-the-art multi-fiber fabric processing unit also has a captive yarn dyeing unit with an annual capacity of 10.6 million kg (29 tonnes per day). BTPL’s solid and yarn dyed fabric, printing, processing, and finishing techniques are a mark of excellence making every piece of fabric perfect. The plant also employs over 2000 staff at the facility.

BTPL has a strong presence in the B2B and B2C space along with long-standing relations with leading brands across the globe, and sells through large garmenters in India who also sell to domestic brands. On the domestic branded sales front, the distribution network of BTPL is spread across its own EBOs, over 100 distributors and over 8000 retailers.

BTPL was recently formed as a separate entity in August 2020 as part of a restructuring process undertaken by Bombay Rayon Fashions Limited, in which it hived-off its Yarn Dyeing & Fabric Processing units located in Tarapur,into BTPL by way of a slump sale on a going concern basis. The company’s brands, including Bombay Rayon, BRFL, Linen Vogue, Giza Classe, Dickens & Browne and others, were also a part of the transaction.

Courtesy by:
https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/btpl-increases-production-at-tarapur-plant-from-100000-meters-to-150000-meters-per-day/articleshow/81269746.cms