Kitex Garments Surges After Telangana Government Approves Expansion Plan

Kitex Garments plans to invest Rs 1,000 crore in Telangana and expects its capacity to double in the next two years.

Kitex Garments Surges After Telangana Government Approves Expansion Plan Shares of the world's second largest producer of children's apparels, Kitex Garments, rose as much as 10 per cent to hit an intraday high of Rs 164.10 a day after the company informed exchanges that the government of Telangana approved its expansion plan. The company in July informed exchanges that it was invited by the Telangana Government for discussions on potential investment opportunities in the state. Kitex Garments plans to invest Rs 1,000 crore in Telangana and expects its capacity to double in the next two years.