A B Cotspin India Limited — Updates, 16-01-2025: Press Release

A B Cotspin India Ltd. has expanded its solar power capacity from 2,800 KW to 3,131 KW by successfully installing an additional 331 KW. This achievement, completed ahead of the scheduled timeline, marks a significant step in the company's commitment to sustainability and reducing its carbon footprint. The increased capacity is expected to lower operational energy costs and reduce reliance on traditional energy sources, enhancing overall environmental impact.

This move aligns with the company’s strategic vision for operational efficiency and sustainable growth. Mr. Deepak Garg, Managing Director, highlighted that the new capacity improves energy security and efficiency, allowing reinvestment into technological advancements and innovation. A B Cotspin anticipates achieving a turnover of ₹284 crore and an EBITDA of ₹35-40 crore for FY 2024-25, showcasing the positive effect of this expansion on financial performance. The company's commitment to sustainable practices and compliance with global standards positions it well for future growth in the textile market.