Vardhman Textiles Boosts Spinning Capacity with 18,000 New Spindles! 🚀
Hey there, investors and textile enthusiasts! 👋 We’ve got some exciting news from Vardhman Textiles Limited (VTL), a prominent player in India’s textile sector.
The company has just announced the commencement of commercial production from a significant addition to its operations: about 18,000 new spindles! This isn’t just a small tweak; it’s a substantial boost to their spinning capacity, meaning they can now produce even more of those essential yarns that form the backbone of the textile industry.
This move is a direct outcome of their ongoing expansion-cum-modernization capex plan, which the company had previously intimated to the exchanges back in January 2024. It’s great to see these plans coming to fruition, strengthening VTL’s manufacturing capabilities.
Vardhman Textiles, known for its diverse product portfolio including yarns, fabrics, garments, threads, fibres, and even steels, continues to reinforce its position in the market. For those keeping an eye on VTL’s stock, it was last traded at ₹416.8.
This capacity addition is a positive step, reflecting the company’s commitment to growth and efficiency. Keep an eye out for how this expansion might weave into their future performance! ✨
source: Corporate Announcement
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