Rs.6565 Million Rugs Capacity Expansion Project in Valsad, Gujarat
A company is planning to expand its rug capacity in Gujarat with an investment of Rs.6565 Million. The project involves automation to achieve faster production and lower costs. The company had earlier announced a larger expansion plan to double its spinning capacity in December 2014, which is estimated to cost Rs.25000 Million and will be funded through internal accruals and debt.
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