1 hr ago
Tuni Textile Mills Bags ₹30 Crore Orders Amid Capacity Pressure
Tuni Textile Mills has received three large orders for fabric.
Together, the orders are worth ₹30 crore.
The orders cover different types of fabric and total millions of metres.
The biggest order is from Northakross Syntex.
The company must complete the orders within the stated schedules.
Tuni says it may use its own factory and outside partners to help make and source the fabric.
This could put pressure on its production capacity.
The company is also planning a rights issue to raise up to ₹48.99 crore.
Tuni Textile Mills has secured three orders worth ₹30 crore.
Northakross Syntex ordered 1 million metres of finished fabric.
Sharda Corporation ordered about 5.75 lakh metres of fabric.
Disha Clothings ordered around 4 lakh metres of woven shirting.
The company may use manufacturing, job work, sourcing and trading to fulfill orders.
- Who
- Tuni Textile Mills, along with customers Northakross Syntex, Sharda Corporation and Disha Clothings.
- What
- Tuni Textile Mills secured three fabric orders worth ₹30 crore and is undertaking a rights issue of up to ₹48.99 crore.
- Where
- Tuni’s manufacturing facility is at MIDC Murbad in Maharashtra.
- When
- The orders are to be executed over 60 to 120 days; the largest order is scheduled for completion by January 5, 2027.
- Why
- The orders are for finished fabric, poly-cotton and higher-cotton-content fabrics, and woven shirting.
Growth Opportunity
Capacity Challenge
Order fulfillment
Growth Opportunity
The three orders provide Tuni Textile Mills with significant business and can be fulfilled through its factory, job work, sourcing and trading arrangements.
Capacity Challenge
The orders are equivalent to almost a year of the company’s stated production capacity, creating pressure on manufacturing, sourcing and delivery schedules.
Rights issue and outlook
Growth Opportunity
The proposed rights issue could provide up to ₹48.99 crore while the company handles the new order inflow.
Capacity Challenge
The immediate business outlook depends heavily on whether Tuni can execute the orders within the required timelines.
Key facts
- Total order value
- ₹30 crore
- Northakross Syntex order
- 1 million metres of finished fabric
- Sharda Corporation order
- Around 5.75 lakh metres of poly-cotton and higher-cotton-content fabrics
- Disha Clothings order
- Around 4 lakh metres of woven shirting
- Execution period
- 60 to 120 days
- Rights issue
- Up to ₹48.99 crore at ₹1 per share
- Rights entitlement
- 15 rights shares for every four shares held
Sources
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