Krishna Ventures Ltd approves expansion project, receives trial order

The Board of Directors of Krishna Ventures Limited at its meeting held on Tuesday, September 13, 2022 at 3:00 P.M., has discussed, considered and approved the expansion projects.

The board approved Total Capex, on establishing its Plant of HVAC and Sheet Metal at Plot No. 57, Ecotech XII, Greater Noida that is excepted to commence the commercial production from 3rd Quarter of 2022, which is estimated to Rs. 10 Crore in First Phase which will be financed partly through internal sources/ Debt.

The Company had participated in a Tender from Ordinance Factory Medak Hyderabad for Turret Pneumatic Equipment and has technically qualified as the lowest financial bidder. This is the Trial order and the total annual revenue expected will be approx Rs. 30 Crores from the HVAC/Sheet Metal Business.

Source : Equity Bulls

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