Nahar Spinning Mills to set up new plant in MP

The Board of Directors of Nahar Spinning Mills have approved a proposal of setting u pa new spinning plant with 60,480 spindles at Village Tamot, Tehsil Goharganj, District Raisen, in Madhya Pradesh, the company said in a filing to the BSE.

Initially set up as a tiny worsted spinning and hosiery unit in Ludhiana, Nahar Spinning Mills became a public limited company in 1983. The steady growth in manufacture and export of woollen/cotton hosiery knitwear and woollen textiles enabled the company to earn the recognition as an 'Export House' followed by a 'Recognised Trading House' by the Government of India in a short span.

Today, the company operates seven plants and manufactures a range of products, over 60 per cent of which are exported to the US, the UK, and several other countries. It is also the second largest cotton yarn manufacturer in India. (RKS)

ALCHEMPro News Desk – India