Century Textiles and Industries Limited announced at the meeting of the Board of Directors held on 22 March, 2024, the Board has approved the discontinuation of operations at Operations of Textile Division viz. Birla Century Plant at Jhagadia, Dist. Bharuch, Gujarat this unit.

However, minor manufacturing operations and other allied activities for supplying Yarn to Birla Advanced Knits Pvt. Ltd. a Joint Venture between the Company and Grasim Industries Ltd. will continue. Reason for closure: In view of the unsatisfactory performance of the Unit with continued operational losses despite attempts to turn it around and considering the adverse conditions and non-availability of viable orders covering even the cost, the operations of the process house after completing the orders in hand is being discontinued.