Major integrated textile producer Vardhman Textile Limited announced unaudited financial results for the quarter and half year ended 30th September, 2007.
The Board of Directors has approved the above results in their meeting held on 29th October, 2007 which have been reviewed by the Statutory Auditors in terms of Clause 41 of the Listing Agreement.
Vardhman is a major integrated textile producer in India. The Group was setup in 1965 at Ludhiana, Northern India. Since then, the Group has expanded manifold and perhaps, the largest textile conglomerate in India.
The Group recorded a turnover of Rs.2210 crores (about US$ 500 million) in FY 2005-06. The Group portfolio includes manufacturing and marketing of Yarns, Fabrics, Sewing Threads, Fibre and Alloy Steel.
Vardhman ventured in to the global market in 1986 with an export value of one core to reach an outstanding 440crores(92 million Dollors) in 2002.
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