Bombay Dyeing has chalked out long-term plans to turn-around its traditional Textile business , curb costs and improve Margins. It has forward-integrated its DMT plant to a PSF plant of 1,65,000 million tonne capacity and has shifted its Home Textile operations from Mumbai to Rajangaon to control operational costs. On the anvil are plans to foray into the Real Estate business also to drive its future revenues. For this, Bombay Dyeing proposes to utilise and capitalise on its historical land bank in Mumbai. We Initiate Coverage on the stock, with a Buy recommendation. Read More

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