A B Cotspin India, a prominent textile manufacturer based in Jaitu, has announced a significant Rs 14.8 crore order for 500 tonnes of cotton yarn, fueling ambitious growth projections for the upcoming fiscal year. The company aims for sales between Rs 275-290 crore and an EBITDA of approximately Rs 32 crore in FY 2024-25.
Beyond its financial success, A B Cotspin is making waves in the textile industry with its unwavering commitment to sustainability. The company’s core business model incorporates extensive recycling practices, utilizing cotton waste, waste cotton yarn, and both pre-and post-consumer fabrics to create new yarns and garments. This includes pioneering techniques such as direct spinning of coloured yarns from coloured waste, a process that drastically reduces water consumption compared to traditional dyeing methods.
This dedication to circularity is further validated by the company’s adherence to the Global Recycle Standard (GRS), underscoring its commitment to environmentally responsible manufacturing. A B Cotspin’s sustainability efforts extend beyond recycling, encompassing resource conservation initiatives like rainwater harvesting and the integration of solar energy into its operations.
Currently operating with an installed solar capacity of 2800 KW, the company is set to expand this to 3310 KW by January 2025. This expansion will further minimize its carbon footprint and reinforce its dedication to renewable energy.
Founded in 1997, A B Cotspin India Ltd has established itself as a leader in the textile manufacturing sector. The NSE Emerge-listed company reported a turnover of Rs 255.76 crore and an EBITDA of Rs 27.64 crore in FY24, demonstrating its robust performance in the market. With this new order and its continued focus on sustainable practices, A B Cotspin is poised for continued growth and industry leadership.
