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Two Tamil Nadu mills announce closure due to COVID-19

May 27, 2021
Two Tamil Nadu mills announce closure due to COVID-19

Chennai, Tamil Nadu

Loyal Textile Mills Ltd and Lambodhara Textiles Ltd have announced the closure of operations in their Tamil Nadu mills due to the COVID-19 spread. While Lambodhara Textiles Ltd decided to suspended operations from May 24, 2021, until further notice, Loyal Textile Mills announced that its facilities located in Kovilpatti, Sattur and Sivagangai will remain closed from May 24, 2021, to May 31, 2021.

Loyal Textile Mills Ltd mentioned in a filing that the measure has been taken in line with the initiatives of the Tamil Nadu government and to ensure the safety and health of all its stakeholders including employees.

Source – India Infoline and Equity Bulls

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