Borana Weaves announces commissioning of additional 48 Looms in Unit 4

Borana Weaves Limited, one of India's leading producers of Synthetic Greige fabric, today announced the commencement of additional 48 looms at Unit 4, ahead of the proposed December schedule.

The total capex for Unit 4 amounts to ₹71.35 crore, fully funded through IPO proceeds. The Unit now houses all 348 state-of-the-art water jet looms, which are fully operational, achieving the designed production capacity of 112.75 million meters per annum (9.39 million meters per month). With all looms running, the planned capex has been fully deployed and the project is now fully operational.

Unit 4, equipped with high-speed and eco-friendly Water Jet Weaving looms, has enhanced company's overall annual capacity to 346 million meters. The unit will manufacture Greige cloth, further reinforcing the company's integrated manufacturing strength. The expansion is expected to enhance operating margins, strengthen the company's ability to serve both domestic and global markets, and reaffirm its commitment to sustainable manufacturing practices.

Speaking on the milestone, Mr. Rajkumar Borana, Executive Director and Chief Financial Officer of Borana Weaves, said: "We are delighted to announce the ahead-ofschedule commissioning of Unit 4, now fully equipped with 348 advanced, eco-conscious water jet looms. This expansion boosts the total annual output to 346 million meters, strengthening ours integrated manufacturing capabilities. The project, fully financed through IPO proceeds, is expected to improve profitability and enhance the Company's reach across domestic and international markets. This achievement underscores our operational excellence and commitment to sustainable growth, offering confidence to investors and market analysts alike."

Operational Implications:

- Supports higher output to meet growing market demand
- Eco-friendly operations support long-term cost and regulatory benefits
- Strengthens manufacturing footprint and capacity

Shares of Borana Weaves Limited was last trading in BSE at Rs. 221.30 as compared to the previous close of Rs. 227.05. The total number of shares traded during the day was 3438 in over 132 trades.

The stock hit an intraday high of Rs. 227.90 and intraday low of 220.00. The net turnover during the day was Rs. 766999.00.

Source : Equity Bulls

Keywords

BoranaWeaves INE16SF01016 TextileProducts Commissioning 48Looms Unit4