Borana Weaves announces Commissioning of additional 108 looms in Unit 4

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

The total capex for Unit 4 shall be ₹71.35 crore allocated from IPO proceeds and will house 348 state-of-the-art water jet looms with a production capacity of 112.75 million meters per annum (9.39 million meters per month). With the commencement of operations, 300 looms are already running at the Unit, while the remaining 48 water jet looms are expected to be operational by October 2025.

The new unit will manufacture Greige cloth, further strengthening Borana Weaves' overall annual capacity to 346 million meters across its manufacturing footprint. With the addition of Unit 4, the company is set to strengthen its position in the Synthetic Greige Fabrics market, increasing its market share from 20-25% to nearly 25-30%, while improving operating margins and enhancing its ability to cater to both domestic and international customers.

Unit 4 is powered by High-Speed Water Jet Weaving looms, which are inherently more eco-friendlier compared to conventional weaving technologies, reinforcing the company's focus on sustainable operations.

Speaking on the milestone, Mr. Rajkumar Borana, Executive Director and Chief Financial Officer of Borana Weaves, said: "The accelerated execution of Unit 4 reflects our commitment to respond swiftly to rising demand trends. Commissioning the unit ahead of schedule is a direct outcome of strong order inflows and robust demand visibility. This expansion represents a significant step towards our vision of becoming one of the largest producers of synthetic Greige cloth in India."

Strategic Impact

- Expands annual production capacity to 346 million meters by October 2025
- Strengthens market share to ~30% in Synthetic Greige fabric
- Supports long-term growth strategy of become a leading national producer
- Improves operating margins through reduced outsourcing and scale efficiencies.

Shares of Borana Weaves Limited was last trading in BSE at Rs. 224.45 as compared to the previous close of Rs. 216.25. The total number of shares traded during the day was 11715 in over 174 trades.

The stock hit an intraday high of Rs. 227.85 and intraday low of 215.60. The net turnover during the day was Rs. 2624664.00.

Source : Equity Bulls

Keywords

BoranaWeaves INE16SF01016 TextileProducts Commissioning 108Looms Unit4