Sutlej Textiles and Industries (STIL), a manufacturer of value added dyed yarns and home textiles, announced that the company has started commercial production of its expansion project of 31,104 spindles to manufacture value added cotton melange and cotton blended dyed yarn at its units, Chenab Textile Mills, Kathua.

Post this expansion, the company's total yarn spinning capacity stands at 292,840 spindles, of which 96,720 spindles are utilized to make cotton melange and cotton blended dyed yarn. The rest of the spindles are utilized towards manufacturing mainly of synthetic dyed yarns. The addition of the new capacity will enable the company to further strengthen its position as a leading player in the cotton melange and cotton blended dyed segment.

Shares of the company declined Rs 0.6, or 0.17%, to trade at Rs 355. The total volume of shares traded was 1,974 at the BSE (3.23 p.m., Monday).