Kitex

Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have hit multi-year highs after rallying up to 17% on the BSE in Monday's intra-day trade on the back of heavy volumes.

The management said the company's capacity utilization is currently at its peak and the factory order position is fully booked up to June 2025.

The party is fielding two lawyers, Charlie Paul in Chalakudy and Antony Judy in Ernakulam

State Industries Minister P Rajeev on Wednesday said his government stands for "responsible investment" and the southern state would be made a destination of such investments in few years.

Jacob said he has a lot of respect for the chief minister who has the right to scold him or criticise him and therefore, he was not going to react to what Vijayan said

The investment will help the company to increase its revenue to Rs 21.65 billion by 2025 from the current Rs 5.59 billion

Kitex Garments, a Kerala-based infant garments maker, has made inroads with Walmart, Target and some other US retail giants. Its two brands will be sold through the network of these retailer chains' networks and it expects to clock $50 million annually from that market in two years.The BSE-listed entity says it aims to become the largest infant clothing brand in the country by the end of this financial year, doubling its annual turnover to Rs 1,000 crore by 2020.Sabu Jacob, chairman and managing director, said they'd invested $1 million in Kitex USA, their arm in that country. Another Rs 240 crore will go over the next two years into expanding of capacity in Kerala.The supply arrangement to Walmart and the other US retailers were after visits by teams from there and checking of samples. "Everything went well, production has started and from September onwards, shipment will start to Walmart," said Jacob.Kitex, incorporated in 1992, entered the US market as a supplier to mass market ...

Kerala-based textile company to take on brands from China