Varvee Global Ltd commences increased production capacity

In line with the new management's strategic focus on diversification beyond denim, Varvee Global Limited has successfully commenced and increased its production capacity by 6 lakh meters per month, taking the total installed capacity from 12 lakh meters to 18 lakh meters per month in Non-Denims - Shirtings and Suitings Fabrics.

This capacity expansion marks a key milestone in the Company's planned growth towards achieving production capacity of up to 50 lakh meters per month in the non-denim segment. The expansion has been undertaken to address growing market demand while strengthening the Company's manufacturing capabilities in value-added textile products. This development reflects Varvee Global Limited's commitment to operational excellence, product innovation, and longterm sustainable growth.

The additional capacity has been achieved through optimisation of existing manufacturing facilities and implementation of improved production processes, enabling the Company to scale operations while maintaining stringent quality standards.

Shares of Aarvee Denims & Exports Limited was last trading in BSE at Rs. 147.50 as compared to the previous close of Rs. 153.75. The total number of shares traded during the day was 4972 in over 217 trades.

The stock hit an intraday high of Rs. 155.55 and intraday low of 146.30. The net turnover during the day was Rs. 736743.00.

Source : Equity Bulls

Keywords

VarveeGlobal INE273D01019 ProductionCapacityExpansion