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Nandan Denim receives sanction of Subsidy under Gujarat State Textile Policy, 2012

05 Sep 2018 Evaluate

Nandan Denim has received sanction of various incentives (Interest, Power, VAT / GST) under Gujarat State Textile Policy, 2012. The Company expects to save Rs 65 crore on account of Interest and Power Subsidy over a period of five years starting from December 2016. Further, company is entitled for GST / VAT refund of upto Rs. 340 crore for a period of eight years starting from December 2016.

Nandan Denim is an India-based denim manufacturer. The company's products include shirting fabrics, engineered khakis and denim home.

Peers
Company Name CMP
Vardhman Textiles 520.65
Welspun Living 226.05
Arvind 513.40
Raymond Lifestyle 574.90
K.P.R. Mill 1087.30
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