Business Update25 Nov 2025, 05:21 pm
Nahar Industrial Enterprises to Close Down Spinning Unit Arham Spinning Mills
AI Summary
Nahar Industrial Enterprises Ltd. has announced the closure of its spinning unit, Arham Spinning Mills, located at Bhiwadi, Dist.Alwar, Rajasthan. The unit, which is approximately thirty years old, has been deemed non-viable due to factors such as obsolete machinery, high maintenance costs, and unfavorable market dynamics. The closure is expected to occur by the end of March 2026. During the financial year ended March 31, 2025, Arham Spinning Mills accounted for 15.63% of the company's total turnover but also contributed a loss of Rs. 14.16 crores.
Key Highlights
- Nahar Industrial Enterprises to close down Arham Spinning Mills due to non-viability
- The spinning unit is approximately thirty years old and located at Bhiwadi, Dist.Alwar, Rajasthan
- Obsolete machinery, high maintenance costs, and unfavorable market dynamics contributed to the unit's non-viability
- Arham Spinning Mills accounted for 15.63% of the company's total turnover for the financial year ended March 31, 2025
- The unit contributed a loss of Rs. 14.16 crores to the company during the same period