GHCL Textiles Fires Up ‘Meenakshi’: New Paravai Unit Adds 25,536 Spindles to Power Growth

GHCL Textiles Ltd has officially commenced commercial production at its new ‘Meenakshi’ manufacturing section within the Paravai unit in Madurai, Tamil Nadu. The launch, announced on July 2, 2025, marks a major milestone in the company’s ongoing capacity expansion strategy.

 

The fully automated unit adds 25,536 ring spindles, boosting GHCL’s total spindle capacity to 2,24,976, up from 1,99,440. This ₹215 crore investment—funded entirely through internal accruals—underscores the company’s strong balance sheet and long-term commitment to scaling operations.

 

Key Highlights:

 

- New Capacity Online: ‘Meenakshi’ unit adds 25,536 spindles, increasing total capacity by over 12%.

- Strategic Location: The Paravai facility is one of GHCL’s two key spinning hubs in Tamil Nadu, alongside Manaparai.

- Efficiency Focus: The company was already operating at 99% spindle utilization prior to this expansion.

- Self-Funded Growth: Entire ₹215 crore capex funded internally, reflecting robust financial health.

- Market Outlook: The expansion positions GHCL to meet rising demand for premium yarns in both domestic and export markets.

- Sustainability Edge: The Paravai unit is powered in part by renewable energy, aligning with GHCL’s green manufacturing goals.

 

This move is part of GHCL’s broader ambition to double revenue in the next five years, with vertical integration and product diversification also on the cards.

 

Sources: MarketSetup.in, GHCL Textiles official site, The Textile Magazine