Jathar Spinners planning to set up Cotton Yarn Project in Maharashtra

Jathar Spinners Private Limited is a cotton yarn manufacturer. The firm intends to establish a new cotton yarn project in Gadhinglaj, Kolhapur, Maharashtra. The project is projected to cost about 57 crores, with a capacity of 10000 kgs of cotton yarn per day. The mill will be able to manufacture 10,000 tonnes of cotton yarn each year. The yarn will be used in the textile and apparel sectors. The project is scheduled to be finished by the end of 2024. Jathar Spinners Private Limited is a renowned cotton yarn company in India. The company has manufacturing facilities in Maharashtra and Gujarat. The new cotton yarn project is part of the company's strategy to increase manufacturing capacity and meet India's growing demand for cotton yarn. The project is being funded through a combination of loan and equity. 

A consortium of banks led by the State Bank of India is arranging the debt financing. The promoters of Jathar Spinners Private Limited are providing the equity capital. Jathar Spinners Private Limited has made a significant investment in the new cotton yarn project. The project is designed to accelerate the company's growth and position it as a leader in India's cotton yarn market. Here are some additional details about the project: The project will be located in an industrial area in Gadhinglaj, Kolhapur. 

The plant will have a captive power plant to meet its energy requirements. The plant will use the latest technology for cotton yarn production. The project is expected to generate direct and indirect employment for around 500 people. The new cotton yarn project is a sign of the growing demand for cotton yarn in India. The project is also a vote of confidence in the Indian economy.

As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.

News by Rahul Yeligetti