A B Cotspin India Limited — Updates, 05-12-2024: Press Release

A B Cotspin India Ltd. has received a repeat order for 100 MT of 100% BCI Cotton Yarn, valued at approximately Rs. 3.20 Crore. This order highlights the company's robust customer relationships and consistent demand for its high-quality products. A B Cotspin has an impressive order book, with pending orders totaling around 700 MT valued at Rs. 21 Crore to be delivered by January 2025. The company is currently undergoing a planned expansion, aiming for a 50% increase in spindle capacity, and has installed a 2500 KW solar plant to promote sustainability and reduce costs. Furthermore, in a strategic move to enhance manufacturing capabilities, A B Cotspin, in a consortium, has expressed interest in acquiring SEL Textiles Ltd. The company's projected sales for FY 2024-25 are estimated to be between Rs. 260-275 Crore, with an EBITDA ranging from Rs. 29-32 Crore, indicating a positive outlook for growth in the upcoming year.