Nitin Spinners is planning to expand its production capacity in all of its segments of spinning, knitting and finishing.
It will add 1,51,000 equivalent spindles thereby increasing the total production capacity from 75,000 TPA to 1,10,000 TPA and 2500 tpa of production capacity of knitted fabrics and 10 million meters of woven fabrics.
The capital expenditure for the expansion programme will be funded through combination of Term Loan and internal accruals and the same is eligible for Interest Subsidy and other benefits under Rajasthan Investment Promotion Scheme(RIPS)
The project cost is estimated to be Rs. 950 crores.
|Project Cost (in million)||₹9,500|
|Project Capacity||151000 tpa|
Company Profile : Nitin Spinners Ltd