"Though the revenue is not very high in drum closures business, the bottom line is good because we are continuously in the process of cost cutting, saving in raw material and labour", Sharad Saraf, MD, Technocraft Industries India told CNBC-TV18.
"Trident has commenced production today at its integrated bed-linen project of 500 looms capable of producing 43.2 million meters of bed-linen per annum and around 1.9 lakh yarn spindles for captive consumption at Budni, Madhya Pradesh," the company said in its filing to exchanges.
Diversified Aditya Birla Nuvo expects its textile division to more than double its turnover to Rs 750-800 crore in the next four-five years, a senior official told reporters on Friday.