Business Update1 Jul 2024, 11:37 pm
KG Denim LTD. Restores Production to Normal Capacity After Water Supply Restoration
AI Summary
KG Denim LTD. has announced the resumption of normal production capacity following the restoration of water supply from the river Bhavani. The company had previously shut down major operations due to drought conditions and government-imposed restrictions on drawing river water. However, with the recent steady flow of water and the lifting of restrictions, the company is now able to accelerate and stabilize its production.
Key Highlights
- KG Denim LTD. restores production to normal capacity after water supply restoration.
- The company had previously shut down major operations due to drought conditions and government-imposed restrictions on drawing river water.
- The steady flow of water in the river Bhavani and the lifting of restrictions have enabled the company to resume normal production.
- This development is expected to positively impact the company's operations.
- The announcement has been made in connection with a previous filing regarding the shutdown of major operations.