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Sambandam Spinning Mills to purchase plant & machinery consisting of 27000 spindles

06 Jan 2020 Evaluate

Sambandam Spinning Mills has received an approval for purchase of plant and machinery consisting of 27000 spindles from Kandagiri Spinning Mills Unit I (Related Party) and also for taking on lease the land, building and other infrastructural facilities of Kandagiri Spinning Mills Unit I.

The Board of Directors of the company in its meeting held on January 05, 2020 discussed and approved the same.


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