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Nitin Spinners on expansion mode to add more spindles

Nitin Spinners makes cotton yarn in single, multifold slub, compact, core spun and Elitwist yarns. With a production facility of only 384 rotors in 1993 and regular expansion has enabled it to reach a capacity of 2,23,000 spindles and 3,000 rotors for cotton yarn with an installed manufacturing capacity of 50,000 tons per annum and 49 knitting machines for knitted fabrics with a manufacturing capacity of 8000 tons per annum.

The products are suitable for applications such as high value apparels and garments, undergarments, terry towels, denims, woven and medical fabrics, carpets, mattresses, stockings, furnishing fabrics and industrial fabrics. The company caters to textile companies like Arvind, Raymonds, Alok, Bhaskar, Nandan, RSWM etc. About 65 per cent of the production goes to more than 50 countries across the globe including the US, Latin America, Middle East, Far East, European Union, Africa etc.

In 2015-16, Nitin clocked in a turnover of Rs 767 crores, of which exports totaled Rs 531 crores. Operating profit before interest, depreciation and tax was Rs 137.76 crores and PAT was Rs 44.16 crores. For 2016-17, the company is implementing another major capacity expansion by installation of 72,960 spindles for manufacturing premium fine count compact yarns.