Interloop approves Rs6.5 billion CAPEX and BMR budget for Apparel, Hosiery

Interloop Limited ILP approved an additional Rs6.5 billion capital expenditure and balancing, modernization and replacement (BMR) budget across its Apparel and Hosiery segments at a board meeting on October 22, according to a filing with the Pakistan Stock Exchange.

The meeting was held at 10:00 a.m. in Khurrianwala, Faisalabad. The filing, dated October 22, said the investment is aimed at expanding production capabilities, increasing manufacturing capacity and modernizing existing facilities.

According to a stock exchange filing, the investment is intended to strengthen operational efficiency, support future business growth and enhance its ability to meet evolving customer demand. The budget is additional and applies to the company’s two segments, the filing said.