Vertex Spinning acquires 400 acres of land to develop Textile Park

Vertex Spinning Ltd has announced the opening of yet another Unit which is coming up shortly at Nardhana Industrial area, Dist. Dhule, MH. Mr. Sharma has very ambitious plans to develop a Textile Park for which he has acquired 400 acres of land. (2 copies of letters of Advanced Possession Receipt dt. December 01, 2006 and January 02, 2007 issued by the MIDC are enclosed herewith). The construction of the Unit is already in progress and expected to complete by August 2007. All the necessary infrastructure like construction of roads is completed, Water tank is installed by the MIDC the water has been brought from 35 kms away from the factory site. Electricity / Light connections and installation is already completed as per the required capacity.

Mr. Sharma, the CEO has absolute clear vision and long terms plan. He categorically said that the purpose of opening a Unit at Dhule will not only solve unemployment problem of thousands of workers of Dhule and surrounding areas but it will also add to economical prosperity & growth of this particular district. The Company is poised to produce quality Cotton Yarn for which qualified, ITI trained workers and staff will be recruited. The Company is expected to erect Machinery by the end of Sept 07 or middle of Oct 07 and the production will be under taken in 2 phases.

Source : Equity Bulls

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