Welspun India (WIL) said that it will be inaugurating its advanced textiles facility and made-ups facility on March 18, 2017. “The Company's Advanced Textiles Facility and Made-ups Facility will be inaugurated by Hon. Minister of Textiles, Ms. Smriti Irani and Hon. Minister of State – Texties, Mr. Ajay Tamta,” the company said in a filing to the Bombay Stock Exchange.
Last month, the company had entered into strategic agreement with Cotton Egypt Association (CEA) to promote and market Egyptian cotton products worldwide. Meanwhile, shares of the company were trading at Rs 80.60 apiece, down 4.95 per cent from the previous close at 14:47 hours on BSE.