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Mohit Ind to invest Rs900 mn for expansion

27
Feb '07
Mohit Industries is planning an expansion cum diversification programme worth around Rs900 million.

The company informed that State Bank of Travancore has sanctioned a term loan of Rs200 million to part finance expansion project of the company.

Mohit Industries a Gujarat-based textile company is promoted by Narayan Saboo and Sitaram Saboo.

The company manufactures texurised yarn and synthetic grey fabrics for manufacturing of sarees and dress materials.

The company has 10 texturising machines, 144 looms, 76 shuttle less waterjet looms and 14 TFO machines with production capacity of 13,000 mt of texturised yarn and 8-million meter of art silk cloth.


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