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Jindal Cotex Implements Textile Park In HP

(RTTNews) - Jindal Cotex, a flagship company of Ludhiana-based Jindal group, said that its arm Himachal Textile Park has started the implementation of its textile park in Himachal Pradesh. The foundation stone for the park located at Upmahal Ram Nagar, Tehsil Amb, Una district, was laid down by the chief minister of Himachal Pradesh recently.

The park will be the first of its kind in the state having vertically integrated manufacturing base for streaks of technical textiles with the units having weaving, warp knitting, bleaching, carding, finishing machines, film production, lamination and packing for domestic& export purposes under one roof. The park will be operational by end of this year. Jindal said that its two subsidiaries Jindal Medicot and Jindal Specialty would set up their units in the textile park.

Shares of Jindal Cotex are trading up about 8.5% at Rs.157.90 on the National Stock Exchange.