Brief: Captain Pipes To Set Up Greenfield Plant Near Ahmedabad With 250 Mln Rupees Investment

Captain Pipes

18/09/2023 13:25

Sept 18 (Reuters) - CAPTAIN PIPES Ltd  CAPN.BO :
    * APPROVED PLAN FOR SETTING UP GREENFIELD PLANT NEAR
AHMEDABAD AT
TOTAL INVESTMENT OF  250 MILLION RUPEES
    * PROPOSED PLANT WILL HAVE CAPACITY OF 20,000 MT WHICH WILL
DOUBLE
TOTAL PRODUCTION CAPACITY FROM CURRENT LEVEL
    * COMMERCIAL PRODUCTION FROM PLANT IS EXPECTED TO START
BEFORE END
OF 2024
    * WILL USE FUND FROM INTERNAL ACCRUALS AND BANK FINANCING
FOR
INVESTMENT IN NEW PLANT

Source text for Eikon:  ID:nBSE80fPvF 
Further company coverage:  CAPN.BO 

 ((Reuters.Briefs@thomsonreuters.com;))