# GHCL Textiles signs MOU for Rs. 535 crore investment in Tamil Nadu

GHCL Textiles signed an MOU with the Government of Tamil Nadu on January 8, 2024, for an investment of Rs. 535 crores over four years. The investment will be used for capacity expansion, product basket expansion, vertical integration into knitted and woven finished fabrics, and enhancement of green energy portfolio.

- Type: Investment
- Announced: 2024-01-08
- Where: Tamil Nadu, India
- Value: $64.4M (5.35B INR)
- Status: announced
- Products: combed cotton compact ring spun yarns, cotton open end yarns, synthetic and blend ring spun yarns, vortex yarns, TFO yarns, knitted fabrics, woven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [GHCL Textiles Limited](https://endata.com/companies/75064.md)

## Sources

- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/ghcl-textiles-signs-mou-for-investing-rs-535-crores-in-tamil-nadu/), 2024-01-17: "These investments are in line with our promise to consistently deliver value for our stakeholders through sustained expansion in earnings."
- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/category/expansion/), 2024-07-31: "GHCL Textiles Ltd., a leading manufacturer and supplier of 100% Combed Cotton Compact Ring Spun yarns"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.