Shares of Kitex Garments rose 4% after the company announced that its subsidiary, Kitex Apparel Parks Limited, has officially started commercial production at its new manufacturing facility in Warangal, Telangana.
The Warangal unit marks a key milestone in the company’s expansion strategy. With this facility now operational, Kitex Garments aims to boost its production capacity, meet the rising demand in the apparel market, and strengthen its overall business growth.
Apart from enhancing output, the new plant is also expected to generate employment opportunities in the region, supporting the local economy. Industry watchers believe the Warangal project could improve Kitex Garments’ competitive position in both domestic and export markets.
Kitex Garments shares were up 4.36% at ₹176.95 apiece around 9.17 am. It has declined 24.02% this year, so far.
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