Mohit Industries informs about expansion of textile division

03 Dec 2015

Mohit Industries has informed that the Company has availed a sanction of Term Loan of Rs 1842 Lacs and Cash credit facility of Rs 300 lacs along with Bill discounting under LC of Rs 100 lacs for expansion of textile Division from The Shamrao Vithal Co-operative Bank. The Company has already acquired land for the said expansion. This term loan will be utilized for putting up 8 Texturising machines in a new building at its existing unit located at Kim.

The above information is a part of company’s filings submitted to BSE.

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