Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Mohit Industries raises Rs 22.42 crore for expansion of textile Division

03 Dec 2015

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.

Related Mohit Industries Ltd. Links:

Mohit Industries Share Price

12.20 -0.18 (-1.45%) Oct 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Welspun India 161.15
PDS Multinational 1285.40
Vardhman Textiles 2031.35
Arvind 120.35
Alok Inds 26.10
View more..
Sensex vs Mohit Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback