Mohit Industries raises Rs 22.42 crore for expansion of textile Division

Mohit Industries has availed a sanction of Term Loan of Rs 18.42 crore and Cash credit facility of Rs 3 crore along with Bill discounting under LC of Rs 1 crore for expansion of textile Division from 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.

Mohit Industries is one of the top notch manufacturers of fabrics & texturised yarn in the nation. It has recently diversified into the construction materials industry in adherence to its long term vision and goals.