STOCKWATCH

Ambika Cotton Mills to Install 6048 Spindles Plant in Tamil Nadu for Rs. 40 Crores

Ambika Cotton Mills Ltd. has proposed to install a new plant with a capacity of 6048 spindles at Dindigul, Tamil Nadu. The estimated cost of the project is Rs. 40.00 Crores, which will be met out of internal accruals. The plant, equipped with solar capacity, is intended for the manufacture of speciality yarn and is expected to be operational by June 2025.

• Ambika Cotton Mills to install a new plant with a capacity of 6048 spindles
• The plant will be located at Dindigul, Tamil Nadu
• The project is estimated to cost Rs. 40.00 Crores
• The cost will be met out of internal accruals
• The plant is expected to be operational by June 2025