A B Cotspin India Limited — Updates, 26-12-2024: Press Release (Revised)

A B Cotspin India Ltd. has expanded its solar power capacity to 2,800 KW following the successful installation of an additional 300 KW, with another 331 KW currently underway. This initiative underlines the company's commitment to sustainable operations by reducing reliance on conventional energy sources and lowering operational costs. The enhanced capacity not only decreases the environmental impact but also positions A B Cotspin for improved operational efficiency and competitiveness in the textile market. Managing Director Deepak Garg emphasized that this step allows for reinvestment in innovation and technology, paving the way for long-term growth and reinforcing the company's leadership in eco-friendly manufacturing. The company reported a turnover of ₹ 255.76 Cr and EBITDA of ₹ 27.64 Cr in FY24, highlighting its solid financial performance.