Relaxo Footwears To Set Up New Unit In Rajasthan
Relaxo Footwears Limited has informed that the board of directors of the company at its meeting has considered and approved the addition of capacity by setting up "New State of Art Plant at Bhiwadi" unit.
Relaxo Footwears Limited (RFL) had existing capacity of 7.50 lakh pairs per day for manufacturing footwear. To derive benefits of synergies and to meet peak season demand and to be ready for future growth, RFL is proposing to add capacity of 1.00 Lakh pairs per day of footwear in Bhiwadi Rajasthan. The capacity will be added in three years.
RFL will fund setting up of plant through Internal accruals. The total investment required for installation of the proposed Plant is Rs. 90 Crores. Proposed capacity will be added in three years.