Vardhman Polytex Pivots: Textile Giant Secures Approval for Residential Project in Bathinda

Vardhman Polytex Pivots: Textile Giant Secures Approval for Residential Project in Bathinda

 

Vardhman Polytex Ltd, a prominent player in the textile industry, has received a green light from the Bathinda Development Authority to develop a residential colony. This strategic move comes after the company's decision to close its manufacturing unit on Badal Road, Bathinda, in recent years. The approval marks a significant shift in Vardhman's business strategy, potentially diversifying its portfolio into real estate. This development could breathe new life into the company's assets in Bathinda, offering a fresh revenue stream and potentially boosting investor confidence in the wake of challenges faced by its textile operations.

 

Sources: National Stock Exchange of India Limited, Textile Excellence, BSE India