Gloster, Cheviot Company and Ludlow Jute in focus as government curbs stock limit of raw jute
In apparent good news for jute and jute products companies, the Ministry of Textiles has issued a notification to put a stock limit on raw jute to increase the supply, an official statement said.

In apparent good news for jute and jute products companies, the Ministry of Textiles has issued a notification to put a stock limit on raw jute to increase the supply, an official statement said.
The ministry has also asked for further reduction in the storage limit of raw jute, wherein Jute Balers will now be able to hold a maximum of 500 quintals of stock, the notification added.
See Zee Business Live TV Streaming Below:
Jute Balers is a Guarantee and Association company, incorporated in 1918. It is majorly in the manufacturing (Textiles) business.
The notification further stated that there will be a limit of 50 quintals for retailers and asked to sell or supply additional stock immediately, under the new notification.
The new order shall come into force with immediate effect from April 11, 2022, and remain valid till 30-06-2022, the notification also read.
This order was in dire need as mills were facing a shortage of raw material due to increased harvesting and packaging demand, Zee Business Special Correspondent Ambarish Pandey said in his report while referring to the notification.
The stock limit order will have to be fulfilled by April 21, 2022, and this is the second time that the ministry has asked to reduce the stock limit. Earlier in January the stock limit was curbed too.
This shall have a direct and positive reply on jute product companies such as Gloster Limited, Cheviot Company Limited and, Ludlow Jute and Specialists Limited.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SIP Calculation at 12% Annualised Return: Rs 10,000 monthly SIP for 20 years, Rs 15,000 for 15 or Rs 20,000 for 10, which do you think works best?

FD Rates for Rs 10 lakh investment: Compare SBI, PNB, HDFC, ICICI, and Post Office 5-year fixed deposit returns

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

SIP Calculation at 12% Annualised Return: Rs 1,000 monthly SIP for 20 years, Rs 4,000 for 5 years or Rs 10,000 for 2 years, which do you think works best?

UPS vs NPS vs OPS: Last-drawn basic salary Rs 90,000 and pensionable service 27 years? What can be your monthly pension in each scheme?

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
10:13 AM IST