A big vertically integrated corporation with a varied business emphasis that includes yarn, textiles, garments, and white crystal sugar, KPR Mill Ltd., situated in Coimbatore, is investing close to $400 crore in a number of modernization and growth projects.

It anticipates finishing the plans to build a vortex spinning mill at an investment of $100 crore within the current fiscal year. According to the company's FY23 annual report, it also anticipates the modernization plan for the textile business, with an outlay of 100 crore, to be completed this year.

It will commence ethanol capacity expansion at a cost of Rs 150 crore before the sugar season 2023-24. The processing and printing expansion at a cost of Rs 50 crore will be over in the first half of the current financial year, the company’s chairman KP Ramasamy Chairman, said in the annual report for 2022-23.

The company manufactures textile varieties such as readymade knitted apparel; fabrics; compact, melange, carded,polyster and combed yarn. For the fiscal ending March 31, 2023, the company reported a net profit of Rs 814 crore on revenue of Rs 4,909 crore.