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500655 Garware Hi-Tech Films News Story

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India's Garware Hi-Tech Films jumps on starting production of chemical fiber line

** Shares of Garware Hi-Tech Films GARW.NS rise as much as 2.5% to 3255.3 rupees

** Chemicals maker says it has started commercial production of new polypropylene fiber (PPF) line in Waluj, Maharashtra state, at estimated cost of 1.25 bln rupees ($14.1 mln)

** YTD, however, GARW down ~37%

($1 = 88.7625 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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