Ambika Cotton Mills adds 12,528 spindles, Rs 57 Cr expansion
AMBIKCO · price
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On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 3.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ambika Cotton Mills has commissioned 6,048 spindles for specialty yarn at its facility. It plans to add another 6,480 spindles at an existing factory in Dindigul, Tamil Nadu, to be commissioned by May 2026. Total expansion of 12,528 spindles, along with captive solar capacity, will cost about Rs 57 Crores, funded entirely from internal accruals. Post-expansion, total spindle capacity will rise to 120,816 spindles.
Capacity expansion funded internally with no debt burden. Supports future revenue growth, mildly positive for the stock.