Soma Textiles to close Dyeing & Sizing, Weaving section of Denim Unit

01 Nov 2018 Evaluate

Soma Textiles & Industries has decided to close down the Dyeing & Sizing and Weaving section of its Denim Unit, due to continuous EBITA Loss and high operative cost followed by lack of Market demand and other adverse factors. The company may also close down Singeing, Finishing and Packing section partly with effect from there closing of working hours of October 31, 2018.

Soma Textiles & Industries is into manufacturing and marketing of following products:100% Cotton Yarn – exclusively for exports (from their Baramati Plant).High Value Shirting Fabrics – 100% Cotton & PC blended.Bottom Wear Fabrics – 100% Cotton & Poly-Cotton.Denim Fabrics.

Soma Textiles Share Price

33.30 -1.02 (-2.97%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 475.00
Vardhman Textiles 445.00
Arvind 269.20
Welspun Living 137.65
Alok Inds 25.75
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