Lambodhara Textiles enters into lease pact with Suriya Spinning

Lambodhara Textiles is entering into a lease agreement with Suriya Spinning Mills Unit B and Sri Akkamma Textiles to utilise their spare capacity of 3,024 spindles and 6,048 spindles respectively, for conversion of fibre into yarn.The conversion of fibre into yarn is set to commence from November. The deal will enhance the spinning capacity of the company and impact its overall performance. Shares of Lambodhara Textiles closed at ₹104.95, a gain of 3.5 per cent on the NSE.