Paramount Textile, a part of the Paramount Group of Companies, which was set up in 2006 and commenced its commercial production in 2008, is all set to make an investment of around Taka 35 crore to increase its weaving capacity along with other auxiliary capacities even as the company will import some capital machinery for the planned expansion, and the fund will be arranged through foreign loans.
According to media reports, the company made the announcement in this regard following a board meeting recently.
A leading manufacturer of woven yarns, Paramount Textile, which won national export trophies twice, after its stock market listing in 2013, diversified into power generation as well as river dredging business subsequently.
Further, reports claimed, Paramount Textile posted Taka 4.46 in earnings per share (EPS) for the 2019-20 fiscal year while for the first nine months of the 2020-21 fiscal year it posted Taka 3.4 in EPS even as at the end of June 2020, Paramount Textile’s audited net asset value per share was Taka 24.26.
