Ritesh International has received board’s approval for a 50% capacity expansion at its existing facility in Ahmedgarh, Punjab, to meet growing product demand. The project involves an estimated total capital expenditure of Rs 7 crore, which will be financed through a balanced mix of long-term bank loans of about Rs 1.00 crore and balance of about Rs 6.00 crore from internal accruals. The expansion project is scheduled to be completed within period of around 8 months, with commercial production targeted for Q1 FY27-28.
Ritesh International is engaged in the business of manufacturing and selling of Stearic Acid, Fatty Acids, Glycerin and Readymade Garments.
