Bannari Amman Spinning Mills Ltd Reports Earnings Results for the Fourth Quarter Ended March 31, 2023

Bannari Amman Spinning Mills Limited is an India-based vertically integrated textile company. The Company is engaged in the manufacturing of cotton yarn, woven and knitted fabrics, finished garments, home textiles and wind power generation. The Company's retails business offers innerwear and active wear brand for women, men and kids in the name of BITZ. The Company has around two spinning units near Dindigul, Tamil Nadu with an installed capacity of approximately 145440 spindles; weaving and home textiles units at Karanampettai near Palladam with an installed capacity of 153 looms; processing unit at SIPCOT, Perundurai with an installed capacity to process 5400 tons of fabric per annum; knitting unit at Karanampettai near Palladam with installed capacity to produce 7200 tons of knitted fabric per annum; garment units at Palladam Hi-tech weaving park, and 27 windmills with an installed capacity of 23.40 megawatts (MW) green power which is entirely used for captive consumption.