R&B Denims' subsidiary, Ricon Industries, enters polyester yarn manufacturing at its Surat unit, starting commercial production. This forward integration into finished denim garments (jeans, jackets) aims to boost margins, tap export markets, and diversify revenue. Initial investment is Rs. 25 Cr.
R&B Denims' subsidiary, Ricon Industries, is launching polyester yarn manufacturing for value-added denim garments like jeans and jackets. This strategic move aims to improve margins, diversify revenue, and tap into apparel export markets via forward integration. Initial investment stands at Rs. 25 Cr.
R&B Denims entered a loan agreement with Ganpati Energy Private Limited for Rs. 10 Cr. The unsecured loan carries a 13.80% interest rate. This provides financial assistance to Ganpati Energy's business activities.
R&B Denims has entered an unsecured loan agreement with Shah Paper Mills Limited for Rs. 4 Crore, at 13.8% interest. This provides financial assistance to Shah Paper Mills.
