“We are having a yarn division having consolidated capacity of around 87,000 spindles. During the nation wide lockdown due to Covid-19, the said yarn division was closed towards the end of March 2020. This division along with other divisions were re-started gradually however out of the above, 30,000 spindles had not been restarted yet.
Now the company has, considering business outlook, decided not to re-start these 30,000 spindles in future also, which were already closed during lockdown.”
Technocraft Industries (India) Ltd is currently trading at Rs360, up by Rs2.75 or 0.77% from its previous closing of Rs357.25 on the BSE.