Tunni Textile Mills bags Rs 30 crore in domestic orders, rights issue ready

Tunni Textile Mills Limited, a fast-growing textile sector company, has achieved a major business milestone in the domestic market. The company received three large domestic purchase orders in September 2026, with a combined value of about Rs 295.13 million to Rs 301.73 million, or roughly Rs 30.17 crore. These orders are expected to give the company's business good momentum in the coming months.

The total order volume is 1975 million, that is, 19.75 lakh metres of woven shirting and finished fabrics. Its value is estimated at between Rs 295.13 million and Rs 301.73 million, excluding applicable GST. The contract is equal to about 98.75 percent of the company's annual production capacity of 2 million metres, a significant figure in itself. All the orders are to be completed within 60 to 120 days.

The three large orders cover the requirements of different customers. The biggest order has come from Northacross Syntex, which has sought 10 lakh, or 1 million, metres of finished fabric, to be delivered by 5 January 2027. Sharda Corporation has placed an order for 5.75 lakh metres of poly-cotton and higher cotton-content shirting. Disha Clothings has placed a demand for about 4 lakh metres of woven shirting with various poly-cotton specifications.

Tunni Textile Mills, which has been operating since 1987, has its main production plant at MIDC Murbad in Maharashtra. The plant is equipped with European-design rapier looms and modern weaving infrastructure. The company has the capability to work with materials such as polyester, cotton, polyester-cotton, polyester-viscose and cotton-linen, and to produce designs including plain, twills, oxford, satin, herringbone and poplin. Depending on requirements, the company will fulfil these orders through manufacturing, job work and sourcing.

The company's managing director, Narendra Kumar Sureka, said the orders reflect demand for the company's shirting and blended fabrics, laying a strong foundation for the coming months. He said the company's entire focus is on quality production, meeting customer requirements and delivering goods on time.

To expand its business and further strengthen its financial base, the company has already approved a rights issue worth Rs 4,898.66 lakh. Under this, eligible investors will be allotted 48,98,66,250 fully paid-up equity shares at Re 1 per share in a 15:4 ratio, based on a record date of 16 September 2026. On the strength of its Murbad production unit and the new orders, Tunni Textile Mills is strengthening its position in the domestic textile market.