Business Update10 Feb 2025, 10:41 pm
Nitta Gelatin India Ltd. to Expand Gelatin Capacity by 1500 MT per Year
AI Summary
Nitta Gelatin India Ltd. has approved the expansion of gelatin capacity by 1500 MT per year at the Gelatin Division of the Company. The decision was made after reviewing the Detailed Project Report. The expansion is expected to be completed in 33 months with an investment of Rs. 1549 million through a judicious mix of internal accruals and external loans. The existing capacity is 4500 MT with a 100% capacity utilization.
Key Highlights
- Nitta Gelatin India Ltd. to expand gelatin capacity by 1500 MT per year
- The expansion is expected to be completed in 33 months
- The investment for the expansion is Rs. 1549 million
- The expansion will be financed through a mix of internal accruals and external loans
- The existing capacity is 4500 MT with a 100% capacity utilization