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Neo Corp International embarks expansion plan

23 Feb 2012 Evaluate

Neo Corp International has embarked on the capacity expansion and addition of other product segments under the Agrotech range. The proposed expansion shall be brought in the wholly owned subsidiary - Poly Logic International. The proposed plant will have a capacity of 7,200 MTPA. This expansion will include mosquito repellant nettings, extruded nets, fruit covers and fruit packaging nets.

The project is estimated to cost Rs 75.20 crore and is proposed to be financed by a mix of equity and internal resources and also long term debt. Further, the required equity for the same has already been raised through GDR issue.

Neo Corp International is engaged in making tailor designed products under Packtech. It reached the status of a fore-runner internationally as a reliable supplier of Packtech products.

Peers
Company Name CMP
Welspun Living 130.25
Vardhman Textiles 590.10
Arvind 382.55
K.P.R. Mill 930.45
Page Industries 37647.00
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