Lux Industries Pours ₹600 Crore into Dankuni Facility; Plans to Establish One of Asia's Largest Garment Hubs
Kolkata, July 11, 2026: Lux Cozi Group, Vertical 'A' of Lux Industries Limited, has initiated a major manufacturing expansion by laying the foundation stone for a new state-of-the-art facility in Dankuni, West Bengal. This landmark project involves an investment of approximately ₹600 crore and is set to create one of Asia's largest garment manufacturing plants, bolstering India's textile and apparel industry.The Foundation Stone Laying Ceremony was attended by Chief Guest Shri Suvendu Adhikari, the Honourable Chief Minister of West Bengal, alongside guests including Shri Samik Bhattacharya, Member of Parliament (Rajya Sabha) and West Bengal State President, BJP, and Shri Tapas Roy, Minister for Industry, Commerce & Enterprises, Government of West Bengal.
Expanding Capacity and Manufacturing Footprint
The expansion significantly augments the company's presence in the region. Lux Cozi Group will expand its existing 8 lakh sq. ft. Dankuni facility by adding another 12 lakh sq. ft., bringing the total manufacturing campus size to 20 lakh sq. ft.This capacity boost adds an annual production capacity of 20 crore pieces to the existing 12 crore pieces, raising the company's nationwide capacity from nearly 20 crore pieces annually to approximately 36 crore pieces.
The scope and impact of the investment are summarized below:
| Metric | Detail |
|---|---|
| Investment | Approximately ₹600 crore |
| New Facility Size | 12 lakh sq. ft. |
| Total Campus Size | 20 lakh sq. ft. |
| Capacity Added (Annual) | 20 crore pieces |
| Employment Generation | 3,000 direct and 6,000 indirect jobs |
Commitment to Economic Growth and Quality
The project reinforces Lux Cozi Group's long-term commitment to the industrial development of West Bengal. The company expects this expansion to generate significant socio-economic benefits in addition to strengthening its manufacturing capabilities.Speaking at the ceremony, Mr. Ashok Todi, Chairman of Lux Industries Limited, stated that the investment is a strong expression of confidence in India's economic future and commits the company to building globally competitive infrastructure. He emphasized that the Dankuni facility will create meaningful employment and accelerate regional industrial development.
Mr. Saket Todi, Executive Director, added that the new facility represents a crucial chapter in the group’s journey, enabling them to respond quickly to evolving consumer demand and reinforce their leadership across the innerwear and apparel sector through innovation and scale.
Financial Health and Strategic Vision
The expansion is part of Lux Cozi Group's broader growth strategy, which includes sustained investment in brand building and consumer engagement. The company has reportedly invested nearly ₹300 crore into strengthening its brands over recent years. This effort included collaborations with celebrities such as Varun Dhawan and Jacqueline Fernandez for Lux Cozi, Hrithik Roshan for ONN, Shraddha Kapoor for Pynk, and Sunny Deol for Lux Parker.Saurabh Bhudolia, Financial Advisor to Lux Cozi Group, noted that the Dankuni plant will function as one of Asia's premier automated hosiery facilities. The integration is designed to achieve immediate operational efficiencies by consolidating manufacturing and reducing wastage through advanced machinery. This initiative, funded through a combination of internal accruals and external borrowings, is projected to yield a five-year payback period.
LUXIND Stock Price Movement
On Friday, Lux Industries Limited shares surged in the market, closing up 5.38% after settling at ₹1276.5. The equity saw significant activity during the session, with a total traded volume reaching 330,274 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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