Investment of Rs 2.15 billion with internal accruals made to serve both domestic and international markets more effectively.
GHCL Textiles has commenced commercial production at its newly added, fully automated manufacturing section, Meenakshi, at Paravai unit in Samayanallur Post, Madurai.
This strategic capacity expansion strengthens GHCL Textiles’ operational footprint in the spinning segment. The new section adds 25,536 ring spindles, bringing the total installed capacity to 2,24,976 ring spindles. The existing capacity of 1,99,440 ring spindles was already operating at acapacity utilisation of 99.0 per cent, underscoring the need for timely augmentation. The company has invested around Rs 2.15 billionfor this expansion with internal accruals.
Commenting on the development, R S Jalan, Director of GHCL Textiles, said, “The commencement of operations at our Paravai unit is a reflection of GHCL’s commitment towards growth and excellence in the textile sector. This capacity enhancement not only supports our business expansion plans, but also reinforces our resolve to deliver superior value to our stakeholders while contributing to the industrial landscape of Tamil Nadu.â€
This strategic expansion move aligns with GHCL Textiles’ long-term vision to strengthen its leading position in the Indian textile manufacturing sector and serve both domestic and international markets more effectively.