AB Cotspin India Limited, a leading textile manufacturer based in Punjab, has announced a significant order for 300 metric tons of high-quality cotton yarn valued at ₹7.5 crore. This milestone underscores the company’s growing market presence and commitment to sustainability, as it integrates recycling into its operations to minimize environmental impact.
Key Highlights:
- Order Details: The ₹7.5 crore order reflects robust demand for AB Cotspin’s premium cotton yarn in both domestic and international markets.
- Renewable Energy Initiatives: The company recently enhanced its solar power capacity to 2,800 KW, with an additional 331 KW expected to become operational by January 2025.
- Sustainability Efforts:
- Focus on recycling pre- and post-consumer cotton waste into yarn and garments, avoiding dyeing processes to reduce wastewater generation.
- Alignment with Global Recycling Standards (GRS) to promote environmentally friendly manufacturing practices.
- Company Achievements:
- Established in 1997, AB Cotspin has evolved into a fully integrated textile manufacturer, producing cotton yarn, knitted fabrics, cottonseed oil, and oil cakes.
- Recognized for adhering to global quality standards and ethical practices, including compliance with the Better Cotton Initiative (BCI).
Management Commentary:
Deepak Garg, Managing Director of AB Cotspin India, stated, “This order reinforces our strong market presence and commitment to exceptional quality. It highlights the growing demand for our products and our focus on sustainable and innovative practices.”
About AB Cotspin India Limited:
With a turnover of ₹255.76 crore in FY24 and EBITDA of ₹27.64 crore, AB Cotspin continues to expand its operations and sustainability efforts, solidifying its position as a key player in the textile industry.
