Arvind shoots up ~8% after resuming full operations at Ankur unit

10 Mar 2022 , 11:06 AM

Arvind Limited informed the exchanges that its operations have fully resumed at the Ankur unit. Operations at the Ankur unit had been disrupted due to disconnection of the effluent discharge connection in November 2021.

As a result, its revenue and EBIDTA have been reduced by approximately Rs40 crore and Rs10 crore respectively. The unit had contributed 5% of the consolidated revenue and 6% of the consolidated EBIDTA of the company for FY21.

At around 11.08 am, Arvind Ltd was trading at Rs124.25 per piece up by Rs9 or 7.81% from its previous closing of Rs115.25 per piece on the BSE.

The scrip opened at Rs119.80 and has touched a high and low of Rs125.90 and Rs119.45 respectively.