Nitin Spinners Ltd has clinched prestigious awards at the Cotton-Textiles Export Promotion Council (Texprocil) for its exemplary performance in export and employment generation. The company secured the following accolades for the years 2021-22 and 2022-23:
In 2021-22, Nitin Spinners received the Silver Trophy for achieving the second-highest exports of Cotton Yarn of Counts 50s and below in Category III.
In 2022-23, the company marked a significant achievement by bagging the Gold Trophy for the highest exports of Cotton Yarn of Counts 50s and below in Category III. Additionally, they received a Gold Plaque for leading in exports of Cotton Yarn of Counts 51s and above in Category I, and another Gold Trophy for top-notch performance in employment generation.
This recognition underscores Nitin Spinners' commitment to excellence and its pivotal role in bolstering India's textile export sector. The news buoyed investor sentiment, reflecting positively on the company's stock performance. Nitin Spinners Limited's shares closed marginally lower at Rs 351.80 on the Bombay Stock Exchange (BSE) following the announcement, after trading 11770 shares across 672 transactions during the day.
