In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Skipper has informed that the Company has successfully commenced commercial production at its new unit in Palasbari (near Guwahati), Assam on 27th March, 2017. The unit will enjoy direct and indirect tax holiday benefits for next 10 years under NEIIPP- 2007. This is the Company’s eighth manufacturing unit (second near Guwahati) and has an installed capacity of 30,000 tonnes for engineering products and 7000 tonnes for polymer products taking the combined installed capacity of the engineering products to 2,30,000 tonnes and 48,000 tonnes for polymer products. The plant has been partly financed by term loan and balance by internal accruals with an approx investment of 700 millions.
The above information is a part of company’s filings submitted to BSE.
