A B Cotspin India Ltd (NSE: ABCOTS), a leading textile manufacturer in North India, has announced the successful expansion of its solar power capacity as part of its sustainability initiatives. The company has installed an additional 300 KW of solar power, increasing the total installed capacity to 2,800 KW. Additionally, 331 KW of solar power is under installation.
Key Highlights:
- Expansion Details: 300 KW of solar power installed, with 331 KW in progress.
- Impact: The increased capacity aims to reduce operational energy costs, dependency on conventional power, and the company’s overall carbon footprint.
- Future Outlook: This initiative aligns with the company’s strategic focus on sustainability, operational efficiency, and eco-friendly manufacturing practices.
Managing Director Mr. Deepak Garg commented, “The expansion enhances our energy security, reduces costs, and supports our sustainability goals. It ensures long-term growth and reinforces our position as a leader in eco-friendly textile manufacturing.”
About A B Cotspin India:
Established in 1997, the company operates a fully integrated textile manufacturing unit producing high-quality cotton yarn, knitted fabrics, and cottonseed oil. In FY24, A B Cotspin India reported a turnover of ₹255.76 crore and EBITDA of ₹27.64 crore. The company emphasizes sustainable practices and adherence to global quality standards.
