You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Sutlej Textiles soars as green fibre project starts production

Capital Market 

Sutlej Textiles & Industries jumped 4.66% to Rs 46 after the company said it commenced commercial production of its greenfield - green fibre project to manufacture polyester staple fibre (PSF) by recycling of pet bottles.

The project set up at Baddi, Himachal Pradesh, has a capacity to manufacture 120 MT per day of raw white, black and dope dyed recycled polyester staple fibre. The announcement was made after trading hours yesterday.

Sutlej Textiles and Industries produces a range of textile products that extends from yarns and fabrics to home furnishing.

The company's consolidated net profit declined by 33.9% to Rs 11.52 crore on a 5.6% fall in net sales to Rs 549.44 crore in Q3 FY21 over Q3 FY20.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, March 02 2021. 10:39 IST