Yarns manufacturer GHCL Textiles has committed investments worth Rs 535 crore towards capacity expansion plans in Tamil Nadu.

The Tamil Nadu-based company recently signed a memorandum of understanding with the government at the Global Investors Meet committing the additional the investments.

GHCL Textiles Director R S Jalan said, "It is our honour to be a part of the state and India's growth journey. These investments are in line with our promise to consistently deliver value for our stakeholders through sustained expansion in earnings."

The Memorandum of Understanding entails capacity expansion as well as in renewable energy sector taking the total investments made by the company to Rs 1,035 crore, a company statement said.

The renewable energy capacity would also increase to 75MW with the new investments plan.