Sangam India Acquires Recycled Polyester Unit for Rs 52.51 Crores, Appoints New Internal Auditor Aug 07, 2025
Sangam (India) Limited has approved the purchase of a Recycle Polyester Staple Fibre (RPSF) Manufacturing Unit for up to Rs 52.51 crores. The unit has an installed capacity of 45 TPD and is expected to meet about 50% of the company's daily polyester fibre requirement, projecting annual savings of Rs 11.00 crores. This acquisition aligns with the company's backward integration strategy and sustainability goals. Additionally, the board has appointed M/s. Protiviti India Member Private Limited as the company's new Internal Auditor to enhance risk management and internal control processes.
Sangam India Reports 66% Drop in Q1 Net Profit Despite Revenue Growth Aug 04, 2025