Skipper Plans For Capacity Expansion
Skipper Limited has informed that the board of directors of the company at its meeting approved a Capex plan for capacity expansion of its engineering products division as per the following details:
| Particulars | Details |
| Existing capacity | 2,65,000 MTPA for engineering products |
| Existing capacity utilization | Around 90% |
| Proposed capacity addition | 35000 MTPA (approx) |
| The period within which the proposed capacity is to be added | In phases, over a period of one year |
| Investment required | Rs. 35- 40 crore (approx) |
| Mode of financing | Partly debt and partly by internal accruals |
| Rationale | The Company proposes to increase the capacity to serve the increasing demands of the products of the Company. |
