GHCL announces expansion plans, aims to add 25,000 spindles by Q2, FY26.

GHCL Textiles, a leading textile manufacturer in India, is set for a major expansion with plans to add 25,000 spindles by the second quarter of fiscal year 2026 (Q2, FY26). This investment of Rs 215 crore is part of the company's broader strategic plan to increase capacity and boost revenue.

This announcement comes on the heels of GHCL’s successful installation of 40,000 spindles and 15 MW of renewable energy in the past two years. The company’s total investment for this expansion program is Rs 1045 crore, with Rs 350 crore already spent on adding the initial 40,000 spindles. The remaining Rs 500 crore will be directed towards vertical integration initiatives in the coming years, allowing GHCL to produce higher-margin knitted and woven finished fabrics.

 

“This expansion underlines our commitment to growth and positions us to capitalize on future opportunities,” says R S Jalan, Non-Executive Director of GHCL Textiles Limited. “By increasing our capacity and integrating our manufacturing process, we aim to double our revenue within the next five years.”

With a current revenue of Rs. 1060 crore for FY24, GHCL’s expansion plans are expected to significantly increase its production capabilities and market share. The company’s focus on sustainable practices, with the addition of renewable energy, further strengthens its position in the textile industry.