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Century Textiles & Industries incorporates JV company with Grasim Industries

16 Jul 2021 Evaluate

Century Textiles & Industries has incorporated a Joint Venture (JV) Company namely, ‘Birla Advanced Knits’ on July 14, 2021 to foray into manufacturing of Man Made Cellulosic Fibre (MMCF) Knit Fabrics in partnership with Grasim Industries (Grasim). The company has also executed a Joint Venture Agreement with Grasim. Both the parties will subscribe 50% each in the paid up equity share capital of the aforesaid Joint Venture Company.

The Company is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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