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Nandan Denim news and archive

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Business

Fatal fire at major Indian denim supplier highlights lack of industry safety standards

Different day, same story: A fire breaks out in a garment factory, exits are shut and workers die because they cannot get out. This time, Nandan Denim was affected, in Ahmedabad, the largest city in the western Indian state of Gujarat. The fire broke out last Saturday evening, killing seven workers as the sole exit was reachable only via a...

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Featured
Retail

China loses leadership in global textile & apparel market India gains ground

With Indian companies going all out to offer global firms the best quality in best market price, the possibilities seem immense. The textile sector has also registered the highest growth in market cap in the BT500. Winds of change can be witnessed with Liva – Aditya Birla-owned, Grasim Industries' branding raw material, the very first in the...

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Apparel

Crisil assigns valuation grade of 5/5 to Nandan Denim

The domestic denim fabric industry is currently facing an oversupply situation. This isexpected to impact the utilisation rates of denim fabric manufacturers, including Nandan Denim (NDL), which could have an adverse impact on its margins. However, in FY14 NDL was able to expand its margins despite the oversupply. Crisil has used the discounted...

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