Lambodhara Textile enters into lease agreement

Lambodhara Textile has entered into lease agreement with M/s. Suriya Spinning Mills Unit B and M/s. Sri Akkamma Textiles to utilize their spare capacity of 3,024 spindles and 6,048 spindles respectively for conversion of fiber into yarn. The conversion is to commence from November 2016. This will enhance the spinning capacity of the company and will have an impact on the overall performance of the Company.

Lambodhara Textiles operates a yarn producing mill. The Company specializes in synthetic yarns.