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Vardhman Textiles Limited ( (IN:VTL) ) has provided an announcement.
Vardhman Textiles Limited’s board has approved an amendment to the company’s Memorandum of Association to add a new object clause enabling it to set up, acquire, manage and operate electricity generation plants across a range of conventional and non‑conventional sources, including hydel, thermal, nuclear, gaseous, solar and wind. Subject to shareholder approval via postal ballot, this move positions the textile manufacturer to generate power for captive consumption as well as for sale to external parties, potentially enhancing energy security, cost efficiency and creating a new revenue stream that could support its long‑term operational and competitive strategy.
More about Vardhman Textiles Limited
Vardhman Textiles Limited, founded in 1965 and based in Ludhiana, Punjab, operates in the textiles industry with a diversified portfolio spanning yarns, fabrics, garments, threads, fibres and steels, serving both domestic and international markets.
Average Trading Volume: 28,136
Technical Sentiment Signal: Hold
Current Market Cap: 118.2B INR
Learn more about VTL stock on TipRanks’ Stock Analysis page.