Indo Count Industries Greenlights Expansion and Modernization Plans for Kolhapur Facilities
Indo Count Industries Limited announced that its Board of Directors, in a meeting held on May 30, 2026, approved major capital expenditure plans aimed at expanding capacity and enhancing operational efficiency at its Kolhapur facilities. The strategy includes a brownfield expansion project and a significant modernization initiative for an existing spinning mill.The primary focus of the expansion is the spinning facility located in Alte, Kolhapur, Maharashtra. The board has approved increasing the facility's current installed capacity from 70,000 spindles to 94,000 spindles.
This expansion project carries an estimated capital expenditure of approximately ₹ 60 crore. The company stated that this investment aims to balance the facility's output towards more value added products. The expanded capacity is expected to become operational by the second quarter (Q2) of the financial year 2027. The funding for this project will be drawn from a mix of debt and internal accruals.
In addition to the capacity expansion, Indo Count Industries will modernize its existing spinning mill located at Gokul Shirgaon, Kolhapur. This upgrade will be undertaken with an outlay of approximately ₹ 25 crore, with the goal of boosting overall operational efficiency and productivity at the site.
The key details and figures governing the capacity addition and modernization efforts are summarized below:
| Particulars | Detail | Value |
|---|---|---|
| Location | Alte, Kolhapur (Expansion) | N/A |
| Existing Capacity | Spindles | 70,000 |
| Proposed Capacity Addition | Spindles | 24,000 |
| Total New Capacity | Spindles | 94,000 |
| Investment Required | CAPEX | ₹ 60 crores |
| Financing Mode | Source | Debt and internal accruals |
| Completion Timeline | Operation Start | Q2 of FY 2027 |
| Gokul Shirgaon Modernization Outlay | Expenditure | ~Rs. 25 Crore |
ICIL Stock Price Movement
On Friday, Indo Count Industries Limited shares gained ground, settling at ₹312.1, representing a 0.75% increase for the day. The stock saw significant trading activity, closing with a total volume of 383,976 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.
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