1 hr ago
Aastha Spintex Secures ₹25 Crore Two-Year Fabric Order
Aastha Spintex, a textile company, received a large order from JSK Textile.
The order is worth about ₹25 crore.
The company must make and supply 750 metric tonnes of greige fabric.
The deliveries will happen over two years.
About 30 metric tonnes should be supplied within the next two months.
The rest will be supplied after the fabric passes quality checks.
The order may help the company use its factories more efficiently and earn steadier revenue.
Aastha Spintex is also expanding its ability to make yarn and fabric.
Aastha Spintex secured a non-cancellable order worth approximately ₹25 crore from Gujarat-based JSK Textile.
The deal covers about 750 metric tonnes of greige fabric, supplied over two years on an Ex-Mill basis.
An initial 30 MT shipment is expected within two months, with later supplies subject to quality approval.
The order is expected to improve revenue visibility, manufacturing-capacity utilisation and operating efficiencies.
Aastha Spintex is expanding its fabric operations while increasing spinning capacity through its Falcon Yarns acquisition.
- Who
- Aastha Spintex Limited and Gujarat-based JSK Textile LLP.
- What
- Aastha Spintex secured a non-cancellable order for approximately 750 MT of greige fabric worth about ₹25 crore, excluding GST.
- Where
- The order is from JSK Textile LLP in Gujarat; deliveries will be made on an Ex-Mill basis.
- When
- Initial supply is expected within two months, with the full order executed over two years.
- Why
- The deal is intended to provide revenue visibility, improve capacity utilisation and support Aastha Spintex’s expansion into fabric products.
Key facts
- Order value
- Approximately ₹25 crore, excluding GST
- Customer
- JSK Textile LLP
- Product
- Greige fabric
- Order volume
- Approximately 750 metric tonnes
- Execution period
- Two years
- Initial shipment
- Approximately 30 MT within two months
- Spinning capacity
- Expected to increase from 7,700 MT to 17,457 MT after the Falcon Yarns acquisition
Sources
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