Announced Thu, 9 Jul · 11:20 IST
Ground breaking ceremony for Adidas footwear plant in Karur
Capex & Operations View source PDF
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.5%1-day move
₹166.00
prior close
₹172.21
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.9+3.1+5.9+3.9+8.5+5.9+6.3+7.2+6.6+1.2————
Up moveDown movePending
AI summary
Evervan Kothari Footwear, a subsidiary of KICL's associate company Phoenix Kothari Footwear, is setting up a new footwear manufacturing facility at Karur, Tamil Nadu to manufacture Adidas footwear. The ground breaking ceremony is scheduled for 10th July 2026 and will be attended by the Chief Minister of Tamil Nadu. KICL is arranging a live webcast for shareholders. No project cost, capacity or revenue details were disclosed.
Likely market impact
Early stage of a new greenfield project tied to Adidas. No financials shared yet, but signals long term manufacturing growth for the group.