Fabric and garment maker Bombay Rayon Fashions is planning a large-scale increase in its manufacturing capacities, funded by raising term loans under TUFs (Technology Upgrade Funds) and further equity.

The company proposes to grow its garment making capabilities from 64,000 units per day at present to 1,50,000 and set up a greenfield processing capacity of 70m metres per annum, raising total fabric capacity to 120m metres per annum.

Some of the new facilities being set up will be operational as soon as next month, Bombay Rayon said,

The business enjoyed a 162% jump in after-tax profit during the second quarter with total income up 144.6%.