Vippy Spinpro Limited executes term loan agreement with HDFC Bank for expansion

Vippy Spinpro Limited had announced a plan for expansion programme in Company's unit located at 14-A, Industrial Area, AB Road, Dewas (MP) - 455001. The Company is further Planning for installation of New Machinery estimated at Rs. 5902.90 lakhs (Approx.). For which Company is in Process of executing Term loan agreement of Rs. 4427 Lakhs as per offer letter given by HDFC Bank and the balance from internal accruals.

Shares of VIPPY SPINPRO LTD. was last trading in BSE at Rs. 188.40 as compared to the previous close of Rs. 184.10. The total number of shares traded during the day was 766 in over 46 trades.

The stock hit an intraday high of Rs. 197.80 and intraday low of 180.00. The net turnover during the day was Rs. 142519.00.

Source : Equity Bulls

Keywords

VIPPYSPINPRO INE660D01017 Textiles Capex ExpansionPlan TermLoanAgreement HDFCBank