Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company’s Board of Directors.
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
In a filing to the BSE, the 100 per cent
cotton yarn and fabric manufacturer said the company has achieved full production capacity on expanded facilities installed in the year 2014-15.
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
“In order to further expand its product range and to establish leadership position in the market, the Board of Directors of the company have approved expansion project at an estimated cost of Rs 300 crore for additions in the capacity of ring spinning and rotor spinning facilities at the existing location,” the statement said.
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
The project is proposed to be financed partly through term loan and partly through internal accruals.
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
Further, the expansion project is eligible for interest subsidy on term loan for capital expenditure under Technology Upgradation Fund Scheme (TUFS) of Central Government and Rajasthan Investment Promotion Scheme, 2014.
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
In financial year 2014-15, the company’s net income from operations stood at Rs 616.47 crore, while net profit stood at Rs 40.95 crore. (RKS)
Bhilwara, Rajasthan-based Nitin Spinners will invest Rs 300 crore for expansion, following an approval for the same by the company's Board of #
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