Mahalaxmi Rubtech To Set Up New Unit In Gujarat
2018-03-03 Announcements Textiles & Textile Products Western India
Mahalaxmi Rubtech Limited has informed that the board of directors of the company at its meeting approved to set up a new project of Coated Fabric, as a part of its expansion and diversification process under its existing Technical Textile Segment situated at Sanand, Ahmedabad. The project is subject to all legal and other formalities. The investment for the project would be estimated approximately amounting to Rs. 25 crores. The means of financing would be managed from internal accruals, equity and debt. The commercial production of the project is expected by the end of November 2018. The manufacturing facility is designed with most advanced technology in terms of better productivity and quality.