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Textiles | Alok gets $150 mn order after expansion

Textiles | Alok gets $150 mn order after expansion
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First Published: Fri, Sep 04 2009. 10 45 PM IST
Updated: Fri, Sep 04 2009. 10 45 PM IST
Mumbai:Alok Industries Ltd, an Indian supplier of textiles to Wal-Mart Stores Inc. and GAP Inc., said it won $150 million (Rs733.5 crore) of orders from US retailers after expanding into polyester and fabric businesses.
The Mumbai-based company spent Rs5,000 crore in the past five years to add polyester and fabric spinning and weaving businesses to its existing textile plant, chief financial officer Sunil Khandelwal said.
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First Published: Fri, Sep 04 2009. 10 45 PM IST