Comments
Mohit Industries has received sanction for a term loan of ₹18 crore to fund its expansion plans. The total project cost of the expansion is ₹24 crore. Construction work for the first phase will be completed by end of this month and installation of machinery is expected by next month at its existing unit at Kim, Surat, the company informed the exchanges. The company plans to install eight texturising machines in a new building at its 2.5 lakh sq ft facility in Kim. Following this expansion, the company’s polyester draw texturised yarn capacity will almost double. Shares of Mohit Industries jumped 13.2 per cent at ₹60.45 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.