[1] It owns 23 working textile mills which produce yarn and fabric.
NTC had made a turnaround within a short span to emerge as a debt-free company with a highly competitive revival strategy.
In the year 1974 all these units were nationalised under the Sick Textile Undertakings (Nationalization) Act 1974.
NTC has modernised 18 mills so far and is in the process of setting up 3 Composite Textile Units of which one is an SEZ area.
NTC would be setting up 1 Technical Textile Unit and modernising 2 more units taken out from the list of Joint Venture apart from going into Ginning & Garmenting by way of forward and backward integration to have a pressure in all components of the value chain.