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Bannari Amman Spinning Mills gains on getting nod for investment in captive solar power project

Bannari Amman Spinning Mills Ltd. | Textile - Spinning | Textiles & Apparels | BSE: 532674 | NSE: BASML

12 Jun 2025 Evaluate

Bannari Amman Spinning Mills is currently trading at Rs. 37.11, up by 0.29 points or 0.79% from its previous closing of Rs. 36.82 on the BSE.

The scrip opened at Rs. 37.56 and has touched a high and low of Rs. 37.98 and Rs. 36.74 respectively. So far 63526 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 68.81 on 11-Sep-2024 and a 52 week low of Rs. 27.18 on 27-Mar-2025.

Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 31.70 respectively. The current market cap of the company is Rs. 298.43 crore.

The promoters holding in the company stood at 55.33%, while Institutions and Non-Institutions held 0.28% and 44.38% respectively.

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

23.00 -0.84 (-3.52%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Trident	25.70
Filatex India	44.25
Nitin Spinners	413.45
Nahar Spinning Mills	250.40
Sanathan Textiles	419.00
View more..

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Bannari Amman Spinning Mills gains on getting nod for investment in captive solar power project

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