Vardhman Polytex Explores Real Estate Monetization Amid Operational Changes

Vardhman Polytex is exploring the monetization of its real estate assets to leverage potential land values. This strategic move comes as the company closes operations at its Ludhiana manufacturing unit, following the earlier shutdown of its Bhatinda plant due to non-viability. The company aims to optimize its resources and focus on more profitable ventures. Despite recent share price volatility, Vardhman Polytex is taking steps to revitalize its financial position and explore new revenue streams.

 

Source: Vardhman Polytex, NSE, BSE, Textile Excellence