Ganga Acrowools earmarks Rs 750 crore capex towards capacity expansion

Ludhiana-based Ganga Acrowools has made substantial capital expenditure worth Rs 750 crore to scale its manufacturing footprint, indicating a shift towards high-performance acrylic and specialty blended yarns. This investment is directed at integrating advanced spinning technologies that enhance tensile properties and uniformity, addressing a growing global demand for premium knitwear and technical textiles. By expanding its domestic and export-oriented capacity, the company aims to mitigate the volatility of raw material costs while leveraging India’s strengthening position in the global synthetic fiber value chain.

Aanalysts say, this increase will boost the group’s throughput in the worsted spinning segment, where precision and fiber strength are paramount for luxury garment applications. The move comes as Indian spinning mills face increased competition and a transition toward more sustainable, value-added products.

 To sustain its competitive edge, Ganga Acrowools is prioritizing automated production lines to reduce operational overhead and ensure consistent quality benchmarks required by international retailers. This expansion not only solidifies the company’s regional dominance in Punjab's textile cluster but also underscores a broader sectoral trend where established players are deploying heavy capital to capture the burgeoning market for specialized synthetic blends across Europe and North America.

Ganga Acrowools is a leading Indian manufacturer specializing in acrylic, wool, and blended yarns for the hosiery and hand-knitting sectors. Operating primarily from Punjab, it serves diverse domestic and international markets. The company is currently focused on high-value product diversification and sustainable manufacturing to drive its long-term financial growth.