Article: HANIL ERA UPDATES ON ITS BUSINESS ACTIVITIES

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, July 20 -- The Bombay Stock Exchange Limited (BSE) made the following corporate announcement:

Hanil Era Textiles Ltd., has announced that the company has entered the home furnishing segment comprising bed sets, curtains, table line, etc.

It had partially commenced fabric production at its new weaving capacity with the installation of 36 looms in September 2005. The high-speed air-jet looms, imported from Japan are the latest in its range. The looms have capability to incorporate jacquard designs. Now the second phase of expansion of weavings is complete and the company is operating 72 Airjet looms.

The ...

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