Analysis shows that spinning power utilization in India is swiftly increasing

A latest analysis shows that spinning power utilization by India is swiftly climaxing. The survey covering 24 spinning mills with a total installed capacity of 79.63 million spindles indicates that overall capacity utilization exceeded 74% on July 23, and 84% on August 13. On May 11, Vardhman Textiles had a capacity utilization of 44 per cent, which increased by May-end to 69 per cent, 93-98 per cent in July, and 94-99 per cent by August 13.

Trident Group’s capacity utilization increased from 24 per cent on May 11 to 98 per cent on August 13. Nahar Spinning registered spindle capacity utilization at 54% on May 11 which increased to 86% on May 31, 90% in July and 95-98% by mid-August. The power utilization of RSWM increased from mid-May 26 per cent to 75 per cent by mid-August. Capacity usage by Aarti International increased from 86 per cent in mid-May to 95 per cent in mid-August.

Cluster wise, there are 27.64 million spindles in the South Zone which includes Karnataka and Tamil Nadu. Haryanna has 3.80 million spindles in the North Sector, including Punjab, Himachal Pradesh, Delhi, and power utilization increased up to 65% by August 13. In mid-August, capacity utilization in the Gujarat cluster like Ahmedabad and Surat grew to 75 per cent. Recovery within the structured sector has been stronger and quicker, according to the report. With 6.77 million spindles, capacity utilization in the organized sector in mid-May had declined to 44 per cent. It rose to 59 per cent by the end of May, 70 per cent by June, 74 per cent by July, and 84 per cent by mid-August, however. Resource usage also rose from 25% in May to 58% in the unorganised market.