Soma Textiles & Industries closes spinning mill in Ahmedabad, India

Fazlul Haque
শনিবার, মে ২১, ২০১৬
  • শেয়ার করুন

International Desk :  Soma Textiles & Industries Ltd, specialising in denim fabrics, has caved under pressures like high-operation costs and decided to shut down its spinning and winding unit in Ahmedabad (Gujarat, India), after considering its viability.

The unit will be shut down with immediate effect.

The shares of the company, which was one of the first units to manufacture indigo denim, were last trading in BSE at Rs 5.15, as compared to the previous close of Rs 5.05. The company’s net turnover during the day was a meager Rs 15,712.

Soma Textile’s main products include cotton yarn and cotton fabrics. It also manufactures blended yarn and man-made fabrics.