Corporate News 31-Aug-15
Board of Himatsingka Seide approves capacity expansion at an investment of Rs 1281 cr
At meeting held on 31 August 2015
Himatsingka announced that the Board of Directors of the Company at its meeting held on 31 August 2015 has approved an investment of Rs 1281 crore to expand the Group's manufacturing facilities at Hasan. The investment entails an increase in its current sheeting capacity, backward integration into spinning and a foray into Terry Towels. The investments will be carried out in phases over the next three years.
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