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    Century Textiles cuts output

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    An adverse market scenario coupled with poor demand has forced Century Textiles & Industries to halve production in its Madhya Pradesh facility, stated the company in a disclosure to . However the company indicated that this is only a temporary measure.

    Century Textiles, part of the , saw its net profit plunge 68 per cent in the third quarter of this fiscal with a loss of Rs 240 million.

    — IndiaRetailing Bureau