Project Update14 Aug 2026, 07:52 pm
Girnar Spintex Updates Expansion Project Timelines
AI Summary
Girnar Spintex Industries Ltd (formerly Amit Spinning Industries Ltd) has provided an update on its composite textile plant expansion. The Processing Division's erection and installation are in the final stage, expected to complete within a month, with commercial production anticipated by end-September 2026. The Spinning Division has completed banking facility shifts and secured loan sanctions. An order for 11,040 spindles has been placed, with machinery delivery expected within a month. Commercial production for the expanded Spinning Division is targeted for end-November 2026. The company also approved its Unaudited Standalone Financial Results for the quarter ended June 30, 2026.
Key Highlights
- Processing Division expansion nearing completion, production by Sept 2026.
- Spinning Division expansion targeted for production by Nov 2026.
- Company approved Unaudited Standalone Financial Results for Q1 FY27.
- No defaults or deviations reported in financial disclosures.
- Expansion and modernization plans remain a commitment.
Price Impact
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