Donear announces 100% dividend

Our Corporate Bureau

Mumbai, Sept 17: Donear Industries Ltd has announced a 100 per cent dividend for 2000-01. The company has chalked out a Rs 10 crore expansion plan, scheduled to be completed by February 2002.

The expansion would increase the company’s production by 20 per cent, according to a press release. The company has decided to introduce 26 more shuttles Sulzer looms, which will take the total number of looms to 158.

Donear Industries has launched Royal Classico luxury suitings for men and women, which is available in polyester, viscose blend, PV worsted and polywool blend.

The suitings have been introduced in 100 designs and more than 25 colours and are priced between Rs 300 to Rs 600. The fabric has been manaufactured under the technical assistance from UK and Italy.