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Bannari Amman Spinning Mills plan to set up new garment unit

Related Keywords: Accel Apparels, Bannari Amman Spinning Mills, board approval, Palladam Hightech Weaving Park, produce knitted garments, provide employment, set up new garment unit, under business name

Bannari Amman Spinning Mills, established in 1995 has a capacity of more than 140,000 spindles has received its board's approval for setting up a new Garment Unit in Palladam Hightech Weaving Park, Palladam in Tamil Nadu to produce knitted Garments under the business name ‘Accel Apparels’.

The expected project will involve investment to the tune of Rs 30 crore and it is expected to start production before the end of December 2015 and plans to run at full capacity between May 2016 and August 2016.

Nitin Spinners get Board approval for Rs 300 crore expansion project

Related Keywords: additions in capacity, board approval, establish leadership position in market, expansion project, Nitin Spinners, Rajasthan based cotton yarn manufacturer, Ring Spinning and Rotor Spinning facilities, widen the range of its cotton products

Nitin Spinners, a Rajasthan-based cotton yarn manufacturer at the board meeting got approval of Rs 300 crore for expansion project to widen the range of its cotton products and to establish leadership position in the market.

The Board of Directors of the Company have approved expansion project for additions in the capacity of Ring Spinning & Rotor Spinning facilities at the existing location, The new plant would come into operations in second half of FY16, Nitin Spinners' said in a BSE filing.

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