Sangam India in its expansion drive for manufacturing facility to invest Rs 137.2 crore
02 December 2021, Mumbai:
PV dyed yarn and seamless apparel producer Sangam India NSE 4.98 % Ltd (SIL) on Thursday announced a Rs 137.25-crore plan for the expansion of its manufacturing facility.
This expansion plan, approved by the board of directors, will witness infrastructure development at SIL's manufacturing facility in Bhilwara, Rajasthan, the company said in a statement.
The total cost of the expansion project is funded partly by term loans of Rs 102 crores and balance Rs. 35.25 crore by internal accruals.
The move is aimed at increasing the capacity of their cotton yarn business by 47 per cent and knitted fabric business by 28 per cent.
ET (The news article has not been edited by DFU Publications staff)
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