Nitin Spinners to expand production capacity to 10000 MT

Nitin Spinners Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2007, inter alia, has approved expansion project of Open End Spinning for 5400 MT Per Annum to 10000 MT Per Annum at an estimated cost of Rs 40.00 Crores to be funded out of Term Loan from banks under TUF Scheme and internal accruals.

Source : Equity Bulls

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