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Bannari Amman Spinning Mills gets nod for investment in captive solar power project

11 Jun 2025 Evaluate

Bannari Amman Spinning Mills has received board’s approval to set up a captive solar power project of 9.74 MW DC (7.20 MW AC) capacity in the land owned by the company at Spinning unit II, Dindigul, Tamilnadu. The total cost of the project is estimated to be around Rs 40 crore. The project is planned to be commissioned by end of October 2025. 

The power is one of the critical components of cost in a Spinning unit. The existing captive windmills of 23.40 MW capacity and 12 MW Solar power under group captive basis meet about 49% of total power requirement of the company. It is expected that the new Solar Project will generate around 1.50 crore units. With the implementation of this proposed project nearly 65% of the power consumption will be met through its own sources of the company. 

The Board of Directors of the company in their meeting held on June 11, 2025 has approved the same.

Bannari Amman Spinning Mills is a vertically integrated textile company engaged in the manufacture of cotton yarn, woven and knitted fabrics, finished garments, home textiles and wind power generation.

Bannari Amman Spg Share Price

23.84 1.44 (6.43%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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