Brief: Mohit Industries receives sanction for term loan of 180 million rupees

Mohit Industries

10/05/2016 10:47

May 10 (Reuters) - Mohit Industries Ltd  MOHT.NS : 
 * Has received sanction for term loan of 180 million rupees for expansion 
project of 240 million rupees. 
 
 * Source text:(Mohit Industries Limited has informed the Exchange that the Company has received sanction for term loan of Rs 18 crores for expansion project of Rs. 24 crores. Construction work for first phase will be completed by end of this month and installation of machinery is expected by next month at its existing unit at kim. With this expansion, polyester draw texturised yarn capacity of the company shall increase by approximately 50% i.e. from 21000 MT to 30,000 MT) 
 
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