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Indian textile company SEL plans new INR800 crore factory as part of expansion

Indian textile company SEL Manufacturing Company Ltd plans to set up an INR800 crore (INR8 billion, USD176 million) textile plant near Bhopal, Madhya Pradesh, as part of its expansion strategy. SEL chairman and managing director Neeraj Saluja says, "We are in talks with investors at different levels about our new expansion plans that will position SEL as one of the top players in the textile industry across the globe."