The expansion announcements from Kitex are very good. But I have observed one fact that at the time of first announcement, they said that initial commercial production from Kakatiya Mega Textile Park will start from November 2022, then they forwarded it to January 2023, and then to March 2023 in the subsequent news articles. Now in the annual report they are saying that this will further move forward to June 2023. We can check these dates by searching on Google. I sincerely hope they do not delay it further as there might be a slight slowdown in their main US markets in the next one year.
Disclosure: Invested but slightly reduced my position.
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