The board of HP Cotton Textile Mills on 7 March 2022 has also approved to make investment by way of capital and/or debentures and/or loans and/or corporate guarantees, subject to the approval of application filed under PLI scheme.
The PLI scheme is intended to promote production of MMF (man-made fibre) apparel & fabrics and technical textiles products, issued by Ministry of Textiles, Government of India.
Subsequent to the approval of application under PLI scheme, the companys board will authorize any director of the company to establish a wholly owned subsidiary and complete the necessary formalities thereof.
HP Cotton Textile Mills is one of largest exporters of cotton specialty yarns and cotton sewing threads from India. It offers an entire range of products like knitting yarns, embroidery and lace threads, patchwork and quilting threads, and sewing threads for a wide range of domestic and industrial applications.
Net profit of HP Cotton Textile Mills declined 5.13% to Rs 1.11 crore on 53.06% rise in net sales to Rs 35.71 crore in Q3 December 2021 over Q3 December 2020.
Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.