TT intends to exit from spinning business

25 Sep 2019 Evaluate

TT has been trying for exiting from its Spinning business. The company has been successful in disposing off company’s Spinning machinery earlier located at Gajroula (U.P.) and Avinashi (Tirupur, District: Tamil Nadu). However, the company’s ultra modern Green Spinning plant located in Cotton growing belt and at port town of Pipavav, Gujarat is most ideally located and has an unusually large freight savings in incoming Raw Cotton and Export Shipments.

The company is looking for a suitable outright buyer for its spinning facility. The company has already extended invitation to possible buyers and is about to start dealings. The company is now concentrating and focusing on its Fabric, Garments - Innerwear, Outerwear and its Retail business.

TT is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth. The company is also engaged in the manufacture of undergarments, which were marketed under the brand name TT.


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