Vijay Textiles has informed that TSCO Handlooms (Telangana State Handloom Weavers Co-operative Society) a state government undertaking, has approved the manufacturing facility of the Company and its samples for processing of fabrics on job work basis. The Company has received orders to the tune of about 34 Lakh meters of fabrics till date, samples for which were approved recently. Further, the company expects to receive substantial orders during the current financial year. In the prevalent circumstances due to outbreak of COVID-19 pandemic, which has impacted the business considerably, the Companys plans to go for job work will tremendously help in augmenting the revenues.
The above information is a part of company’s filings submitted to BSE.
