Brief: Vardhman Textiles Sees Impact Of Global Slow-Down Due To Covid-19 Outbreak

Vardhman Textiles

06/04/2020 09:16

April 6 (Reuters) - Vardhman Textiles Ltd  VART.NS :
    * CO STARTED OBSERVING IMPACT OF GLOBAL SLOW-DOWN DUE TO
COVID-19
OUTBREAK, SEEING LOW DEMAND & LOW PRICES OF PRODUCTS
    * EXISTING ORDERS FROM MAJOR CUSTOMERS KEPT ON HOLD, SOME
ORDERS
CANCELLED DUE TO PREVAILING SITUATION IN U.S., EUROPE AND JAPAN
    * GLOBAL DEMAND OF COTTON WITNESSING SLUGGISHNESS, FALL IN
PRICES
WHICH MAY LEAD TO DEVALUATION IN INVENTORY OF COTTON HELD BY CO

Source text for Eikon:  ID:nBSE9zGwxw 
Further company coverage:  VART.NS 

 ((Reuters.Briefs@thomsonreuters.com;))