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Mohit Industries to install four plants of Aerated Autoclaved Concrete Blocks in next 2 years

22 Sep 2011 Evaluate

Mohit Industries has finalized to install 4 plants of Aerated Autoclaved Concrete Blocks in next two years. These installations will be done in two phases, in the first phase, company will Install 2 plants with a capacity of 3, 00,000 cubic metres each. Company has already placed order for one plant which is expected to begin commercial production in February 2012 whereas the second plant will start by September 2012.

Apart from this, company has also finalized to install 100 automatic shuffle-less looms and 4 Texturising Machines at its Kim unit which shall also be done in this financial year. Total project cost for 2 AAC blocks plant, 100 automatic shuttle-less looms and 4 Texturising Machines will be approximately Rs 140 crore which shall be financed by bank loan and internal accruals. Further, the company has already applied for bank loans and sanction is expected soon.

Mohit Industries (MIL) is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with a capacity to manufacture 18,000 metric tonne of texturised yarns and 12.5 million metres of art silk grey cloth.

Mohit Industries Share Price

23.30 -0.59 (-2.47%)
20-Apr-2026 14:26 View Price Chart
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