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Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. SVP Global - which is accredited as an approved supplier for leading brands, including IKEA and Zara - said its order book currently stands at Rs 5,000 crore, equivalent to the revenue for the next 2-3 years. The funding for the same will be done through internal accruals. The company said it expects to start commercial production at the new unit at Jhalawar in 12-15 months.
"Our strategic growth initiatives, enhanced capacity and operational efficiencies, product and geographical expansion with a focus on high margin products i.E, compact cotton are likely to drive profitability, contribute to the growth of the company and enhance value for our stakeholders," Gulia said. Commenting on the performance, SVP Global Ventures Ltd CEO Maj Gen (retd) OP Gulia said there was growth across all segments on the back of improving volumes, strong order book and innovative products.Įxpansion at the company's Oman manufacturing unit is completed and has started to contribute to the financial performance of the group, he added.
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