SEL Manufacturing plans to set up Spinning Unit in MP
08 Mar '10
1 min read
SEL Manufacturing Company Ltd has informed that as part of its further expansion plans, the Company is planning to set up a Spinning Unit with the Capacity of 1,95,840 Spindles in the State of Madhya Pradesh.
The total outlay of the project will be with an over all investment of appx. Rs. 800.00 Crores. The said project has been technically appraised by Technopak Advisors and the Financial Appraisal for the same has been done by SBI Capital Markets Ltd., New Delhi. The said project would be under Textile Up-Gradation Fund Scheme (TUFS).
With the aforesaid expansion, the consolidated manufacturing facilities (i.e. in Spinning) of SEL Manufacturing Company Ltd., including the capacities under implementation under its expansion plans, would increase upto appx. 4.00 Lakh Spindles + 1632 Rotors for open ended spinning.
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