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Arvind shines on plan to set up integrated textile parks in Gujarat

04 Jan 2013

Arvind is currently trading at Rs. 105.10, up by 0.80 points or 0.77% from its previous closing of Rs. 104.30 on the BSE.

The scrip opened at Rs. 104.35 and has touched a high and low of Rs. 106.10 and Rs. 103.90 respectively. So far 97314 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.15 on 13-Feb-2012 and a 52 week low of Rs. 59.05 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 105.90 and Rs. 99.15 respectively. The current market cap of the company is Rs. 2710.74 crore.

The promoters holding in the company stood at 42.53% while Institutions and Non-Institutions held 33.58% and 23.65% respectively. 

Arvind, an integrated textiles and branded apparel player has decided to set up integrated textile parks and manufacturing facilities in Gujarat. The entity is expected to sign a memorandum of understanding (MoU) for the same at the upcoming Vibrant Gujarat Summit 2013.

Ahmedabad-based textile conglomerate will be establishing an integrated textile park that can house around 50 units near its existing plant at Santej, for which the company is scouting for a land of over 200 acres. The company has decided to invest around Rs 2,000 crore in an integrated textile park, after investing in its own denim, spinning, shirting, real estate and other business.

Related Arvind Ltd. Links:

Arvind Share Price

85.30 -2.05 (-2.35%) Jun 11, 18:01
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