News

Corporate Update

Nitin Spinners To Invest Over US$116 Million To Expand Value-Added Textile Capacity

• By  Textile Excellence
• July 01, 2026

Nitin Spinners Ltd. has unveiled a major expansion plan worth ₹1,100 to ₹1,120 crore or over US$116 million, reinforcing its strategy to move deeper into value-added textiles and strengthen profitability. The Rajasthan based textile manufacturer will expand its spinning, weaving and finishing capacities over the next two years, placing greater emphasis on fabric production.

Chairman and Managing Director Dinesh Nolkha said the expansion is expected to generate nearly ₹1,000 crore or around US$116 million in additional annual revenue, taking the company's total turnover to ₹4,400 to ₹4,500 crore once the new capacities are fully utilised. Currently, around 20% of the company's yarn output is converted into fabric. This share is projected to exceed 30%, significantly increasing its portfolio of value-added products while maintaining yarn sales.

Commercial production is expected to commence during the second half of the current financial year. The company also views the proposed India UK and India-EU Free Trade Agreements as a significant opportunity to accelerate textile exports and strengthen its presence in global value-added markets.

Chairman and Managing Director Dinesh Nolkha said the expansion is expected to generate nearly ₹1,000 crore or around US$116 million in additional annual revenue, taking the company's total turnover to ₹4,400 to ₹4,500 crore once the new capacities are fully utilised. Currently, around 20% of the company's yarn output is converted into fabric. This share is projected to exceed 30%, significantly increasing its portfolio of value-added products while maintaining yarn sales.