Sangam (India) bags Rs 63 crore toll project from NHAI

FOR IMMEDIATE RELEASE
Bhilwara, Rajasthan, India, Republic of (Free-Press-Release.com) January 11, 2012 -- Sangam (India), one of the leading textile companies in Polyester Viscose (PV) dyed yarn segment in India, today announced that the company has bagged a project worth Rs 63 crore from National Highway Authority of India (NHAI) for a toll road collection booths at Panvel, JNPT section of NH4B. The company will operate two toll stations at Chirle and Karanjade for the toll collection.


About Sangam India Limited
(Reuters Code: SANG.BO; BLOOMBERG: SNGM@IN; BSE Scrip Code: 514234)

Promoted by first-generation entrepreneurs Mr R P Soni and Mr S N Modani, Sangam (India) is one of the largest manufacturers of polyester viscose dyed yarn in the country. At present, Sangam India has 162720 spindles of polyester-viscose dyed yarn and 31,200 spindles for cotton yarn installed in Bhilwara along with 257 weaving machines and a 31 MW thermal power plant. The company also has strong presence in the Indian synthetic blended fabric segment with brands like Sangam and Anmol. The company has an established client base, like Reliance, Reid & Taylor, Siyaram and Grasim. Its fabric is marketed through a network of 200 plus dealers and thousands of retailers.

Chirle     JNPT section     Karanjade     NH4B     Panvel     Sangam India