Meera Industries has identified a 5122 square meter land adjoining its existing factory for proposed expansion. The company is seeing tremendous traction for its products. The company forecast that it will reach peak production capacity within the next 12 months.
Hence, the company has identified and negotiated a large plot of land adjacent to its existing premises. The company is exploring various options for securing finance for this end use. Once this expansion is completed, the company’s capacity will be increased by 3x and the company will be well prepared for the next leg of revenue growth.
Meera Industries is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. The company’s products are sold under the brand name ‘MEERA’.
Company Name | CMP |
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