Ambika Cotton Mills Reports Operational Spindle Expansion and Announces Major Modernization Plan
Ambika Cotton Mills Ltd. has provided an update on its production base enhancements, noting that a significant spindle expansion is operational while additional capacity is nearing completion. The company also detailed plans for a future modernization project designed to boost productivity and quality.The company confirmed the successful expansion of 6048 spindles, which are already in operation. Furthermore, another set of 6480 spindles is close to being completed. The total cost associated with these existing expansions, amounting to Rs.SO Crores, has been entirely covered through internal accruals.
In addition to current operational updates, Ambika Cotton Mills detailed a planned modernization initiative for Unit IV. This project involves upgrading the existing 43,000 spindles to 45,000 spindles using state-of-the-art machinery. The estimated cost for this significant modernization is Rs. 135 Crores and will also be met from internal accruals.
This comprehensive set of measures is intended to strengthen the company's production base, leading to higher productivity and better quality output. The scheduled modernization work is set to commence in November 2026 and is anticipated to be completed by March 2027.
AMBIKCO Stock Price Movement
Ambika Cotton Mills Limited shares are edging higher to ₹1713.4 as of 12:46 PM, gaining 0.96% in live trading. The stock moves on a volume of 13,906 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.