Expansion22 Mar 2025, 08:35 pm
Vippy Spinpro Ltd Announces 4500 MT Expansion in Dewas Unit with INR 5902.90 Lakh Investment
AI Summary
Vippy Spinpro Ltd, a company based in Dewas, MP, has announced an expansion programme for its unit located at 14-A, Industrial Area, AB Road, Dewas (MP)-455001. The Board of Directors decided on the expansion in a meeting held on 22nd March, 2025. The project, estimated to cost INR 5902.90 Lakhs, will be funded by a term loan of INR 4427 Lakhs and the balance from internal accruals. The expansion is expected to increase the company's production capacity by 4500 MT.
Key Highlights
- Vippy Spinpro Ltd announces a 4500 MT expansion in its Dewas unit
- The expansion is estimated to cost INR 5902.90 Lakhs
- The project will be funded by a term loan of INR 4427 Lakhs and internal accruals
- The expansion is expected to increase the company's production capacity by 4500 MT
- The expansion plan was decided in a Board of Directors meeting held on 22nd March, 2025