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GHCL, India’s main Chemical & Textile Firm, has inaugurated its new spinning unit at Manaparai in Madurai district of TamilNadu.
GHCL’s new unit at Manaparai is the most recent addition to the yarn division. The unit is supplied with 39600 ring spindles to provide artificial and artificial mix compact yarn and has a manufacturing capability of 23 tons per day. The unit is supplied with state-of-the-art textile equipment and the most recent on-line high quality management tools mixed with computerized data techniques to boost productiveness and product high quality.
The unit will produce Cotton/Polyester mix yarn; Cotton/Modal & Cotton/Excel mix yarn; Supima/Modal & Supima/Tencel yarn; 100% VSF, Micro Modal and Tencel yarn; 100% Bamboo and its mix yarn; Tri mix yarns (Cotton/Polyester/Cellulosic).
With the graduation of this unit, GHCL’s yarn division will now have an put in capability of 224000 ring spindles and can be capable of cater to premium segments each within the home in addition to worldwide markets. With an funding of Rs200 crore, of which 75% has already been made and steadiness can be invested by the tip of September 2022, this unit will generate employment for nearly 300 employees each day.
Commenting on the event, RS Jalan, Managing Director, GHCL stated, “Taking it ahead from our dedication to spend money on the expansion and improvement of the state of Tamil Nadu, I’m comfortable to inaugurate the Karthagai unit at Manaparai. With its state-of-art equipment, this facility will be capable of produce the very best quality and the right mix of yarn.
The graduation of operations on the unit will assist us create extra worth for our prospects, add worth to our product basket and generate extra employment alternatives within the area. It’s our constant endeavor to spend money on enhancing our capacities and capabilities in order that we might proceed to create worth for all our stakeholders.”
At round 3:30 PM, GHCL was buying and selling at Rs579.30 per share up by Rs27.9 or 5.06% on the BSE.
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