Indo Count Industries to postpone investment in additional weaving capacity

23 May 2019 Evaluate

Indo Count Industries has decided to postpone investment in additional weaving capacity for the Phase II of the capex plan. Thus the new capex of Rs 200 crore will not be incurred in the near future, barring the normal capex. The Board of the company in its meeting decided the same.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.

Indo Count Inds Share Price

354.90 -2.10 (-0.59%)
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Company Name CMP
PDS 473.35
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Arvind 270.65
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