Business Update3 May 2024, 03:44 am
Linc Ltd to Establish New Manufacturing Unit Near Kolkata with Rs. 35 Crore Investment
AI Summary
The Board of Linc Ltd held a meeting on 2nd May, 2024, to create a new infrastructure for a proposed manufacturing unit near its existing factory near Kolkatta. The capacity addition cannot be quantified currently, and the investment in machineries will be in a modular way in line with market demand. The cost for creating the infrastructure is estimated to be Rs. 35 Crores, and the estimated completion date is Q1 of FY26. The financing for the project will mainly be through internal accruals.
Key Highlights
- Board approved creation of new infrastructure for manufacturing unit near existing factory
- Cost estimated at Rs. 35 Crores
- Machineries investment in line with market demand
- Completion date estimated as Q1 of FY26
- Financing mainly through internal accruals