Hi everyone, as per the latest annual report of Kitex Garments, they are now expecting to commence commercial production from their KMTP Warangal Project which is their first stage expansion only by March 2024. It might or might not be full production level. It seems that the benefits of the first stage of expansion will reflect only in the full year results of the year from April 2024 to March 2025. I am quoting from their latest annual report below.
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The first Project at KMTP Waranga is well advanced with the Land fully procured, Buildings getting near completion and types of machinery have started arriving with major LCs opened for procurement of machines. The Company has already contributed a major portion of Promoters Equity. Commercial production is expected to commence in March 2024.
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