Paras Petrofils has decided to temporarily suspend the manufacturing operations of the company for an uncertain period. The company has taken this step after looking at its current financial position as well as on expected market scenario. The board of company at its meeting held on March 09, 2013 has approved for the same.
The board of company has made a detailed discussion on the current financial position of the company and the expected market scenario in the coming months and also the effect of the same on the company’s performance.
Paras Petrofils is engaged in the manufacture of polyester filament yarn products. It was promoted by the Paras Group, which is engaged in the business of synthetic fabrics like sarees and dress materials and also in texturizing of yarn.