Nahar Spinning Mills invests $350m in modernization, solar

Nahar Spinning Mills Ltd. will invest INR 350 crores in modernizing its spinning units and installing an 11 MW solar system.

The company will replace old ring frames with ultra-modern machinery to boost production efficiency by 9% without adding capacity. The modernization costs INR 325 crores, while the solar installation requires INR 25 crores.

Projects will complete by financial year 2027-28, funded through internal cash and bank loans. The initiatives target improved product quality, lower costs, and enhanced exports to US and EU markets.