Tuni Textile Mills has announced a significant boost to its order book, securing three domestic contracts valued between ₹29.51 crore and ₹30.17 crore. These substantial orders, received in September, cover approximately 1.975 million metres of woven shirting and finished fabrics, creating a robust pipeline for the coming months.
Capacity Stretched by New Demand
The newly acquired volume is nearly equivalent to 98.75% of Tuni Textile Mills' stated annual manufacturing capacity, which stands at 2 million metres. This influx of orders will require diligent execution over the next 60 to 120 days, with the largest order slated for completion by early January 2027.
To meet this heightened demand, the company plans to utilize a combination of its own manufacturing capabilities, job work arrangements, strategic sourcing, and trading partnerships.
Key Orders and Product Focus
- Northakross Syntex: Placed an order for 1 million metres of finished fabric.
- Sharda Corporation: Ordered approximately 5.75 lakh metres of poly-cotton and higher-cotton-content fabrics.
- Disha Clothings: Secured an order for around 4 lakh metres of woven shirting.
Tuni Textile Mills operates its manufacturing facility in MIDC Murbad, Maharashtra, specializing in polyester, cotton, and blended fabrics. These materials are widely used for applications such as shirting, suiting, uniforms, and general apparel.
“The immediate business outlook will heavily depend on our execution capabilities. With orders equivalent to almost a year's stated production capacity booked in such a short period, managing manufacturing, sourcing, and delivery schedules will be paramount,” a company statement indicated.
In addition to these new orders, the company is also undertaking a rights issue aiming to raise up to ₹48.99 crore, priced at ₹1 per share. Eligible shareholders are entitled to 15 rights shares for every four shares held.