Rajapalayam Mills Limited at its board meeting held on October 30, 2021, approved capacity addition of 166 Nos. of Looms and establishment of Fabric finishing process with a capacity of 50,000 meters per day in the company?s Yarn dyeing & Weaving unit. To meet out the increase in demand of fabric and to further increase the value of the company's supply, it is proposed expand the loom capacity and to establish fabric finishing process in the company?s Weaving Unit. By establishing fabric finishing, the company can supply ready to stich finished fabrics to Leading Brands. It is expected to increase the sales turnover by 25% and corresponding increase in profits. Loom expansion: existing capacity of 122 Looms will be increased to 154 Looms by March /April 2022 and a necessary purchase order has been placed for additional 32 Looms. Capacity utilization: 85%. Proposed capacity addition: 166 Looms. Estimated project cost is INR 3300 million. It is expected to commence the production during April, 2023.