Interviews
News Flash
Suryajyoti Spinning raises $10 mn thru FCCB route for capex
26 Mar '07
1 min read
Suryajyoti Spinning Mills Ltd has announced that the Company has raised $10 million by issuing Foreign Currency Convertible Bonds (FCCB).
The capital accrued through FCCB route will be used to partly to finance its new bottom-weight fabric project and for modernization and expansion schemes of the company.
In accordance with its earlier expansion plan, the Company has started construction of its specialty bottom weight fabric weaving, dyeing, and finishing plant in Hyderabad.
After completion of the plants construction, production is expected to commence during second half of FY 2008 and will reach to its full production capacity by FY 2010.
The capital accrued through FCCB route will be used to partly to finance its new bottom-weight fabric project and for modernization and expansion schemes of the company.
In accordance with its earlier expansion plan, the Company has started construction of its specialty bottom weight fabric weaving, dyeing, and finishing plant in Hyderabad.
After completion of the plants construction, production is expected to commence during second half of FY 2008 and will reach to its full production capacity by FY 2010.
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
