# Rajapalayam Mills to invest ₹400 crore in looms expansion and fabric processing unit

Rajapalayam Mills Ltd will spend ₹400 crore on capex in FY2023-24, mainly for looms expansion and a new fabric processing unit, both expected to be commissioned in Q2 of the current fiscal year.

- Type: Expansion
- Announced: 2023-07-27
- Where: India
- Value: $48.7M (4.00B INR)
- Starts operating: Q4 2023
- Status: announced
- Products: yarn, fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Rajapalayam Mills](https://endata.com/companies/71668.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/rajapalayam-mills-to-spend-400-crore-on-capex-this-year/article67126379.ece), 2023-07-27: "Both projects are expected to be commissioned during Q2 of the current fiscal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.