New Launch2 Jul 2025, 05:11 pm
GHCL Textiles Ltd. Commences Commercial Production at Paravai Unit's Automatic Manufacturing Section
AI Summary
GHCL Textiles Ltd. has started commercial production at its new automatic manufacturing unit located at Paravai, Madurai, Tamil Nadu. The unit, named Meenakshi, has a proposed capacity addition of 25,536 Ring Spindles, bringing the total capacity to 2,24,976 Ring Spindles. The company has already invested Rs. 215 Cr. in this expansion, which is financed through internal accruals. The rationale behind this capacity expansion is business growth.
Key Highlights
- GHCL Textiles Ltd. commences commercial production at Paravai Unit's automatic manufacturing section.
- Proposed capacity addition of 25,536 Ring Spindles, increasing total capacity to 2,24,976 Ring Spindles.
- Investment of Rs. 215 Cr. already made, financed through internal accruals.
- Expansion aimed at capacity expansion and business growth.
- New unit situated at Paravai, Samayanallur Post, Madurai, Tamil Nadu — 625402.