CapEx News

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

Home   »   CapEx-News   »  

Orbit Exports Limited updates on capex of Rs 30 crore

Infrastructure  -  Nov 21,2024  - 

Orbit Exports Limited is undertaking Capital Expenditure of around Rs 30 crore to increase the capacity of the Plant located at Sarigam Industrial Estate, Taluka Umbergoan, District Valsad, Gujrat. 

This strategic investment aims to enhance the processing capabilities by 50% , thereby allowing us to handle a wider range of fabric qualities and meet diverse market demands. This initiative is part of our ongoing commitment to strengthen operational efficiency, improve product quality, and drive future growth.

The aforementioned investment was presented to the Board during its Meeting held on October 22, 2024. The Board had provided in-principal approval, contingent on a detailed assessment of the machinery from the trusted vendors. The company will now initiate the procurement process of these Machines. The installation and production thereon is expected to get completed during the Q2 of FY 2026.

The funding for this capital investment will be sourced in a 50:50 ratio from internal accruals and a term loan secured from a financial institution. Additionally, this capital expenditure may qualify for subsidies and incentives under the New Gujarat State Textile Policy, providing further financial support to the Project.
 

Company : Orbit Exports Limited