The Tuticorin Spinning Mills Ltd
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The Tuticorin Spinning Mills Ltd Details
The Tuticorin Spinning Mills Ltd was originally established as a large cotton textile mill by Shri. Sinnamani Nadar in the year 1946. The mills were running 46,000 ring spindles of high-count cotton yarn for Indian and overseas markets. Since 2016, the spinning operations have been progressively curtailed, and the company has moved aggressively into residential and commercial real-estate developmentThe company has since exited the textile business and is now firmly placed in the emerging renewable energy business. A new entity has been formed by the group, Muppandhal Green Energy Ltd, which leads the foray into the lucrative wind energy businessThe 21 acres of prime land owned by the mills within the city center is now being developed into premium real estate for luxurious residences and upmarket commercial complexesThe Tuticorin Spinning Mills Ltd is part of the AMMS Group
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