The company will add 576 spinning positions to its Nagpur unit for the capacity expansion.

The board of directors approved to the expansion of its textile unit in Chirvah Village, Mouda Taluqa, Nagpur in a meeting held on February 4, 2016, the filing said.

Additionally, the board also approved a policy on determination of materiality of events and information in the meeting.

Visaka reported total income of Rs 72,915.4 lakh from operations in nine months, ending on 31 December, 2015, in its financial results filed with the BSE. (MCJ)

Fibre2Fashion News Desk - India