Mohit Industries has received sanction for a term loan of Rs 18 crore to fund its expansion plans. The total project cost of the expansion is Rs 24 crore. The construction work for the first phase will be completed by end of this month and installation of machinery is expected by next month at its existing unit at Kim in Surat.
The company is planning to install eight texturising machines in a new building at its 2.5 lakh sq ft facility in Kim. Following this expansion, the company’s polyester draw texturised yarn capacity will almost double.
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.
