Ahmedabad-based, Chiripal Group promoted, Nandan Exim has embarked upon an expansion-cum-backward integration programme at a total cost of Rs 327 crore. | |
| According to the company release, the expansion programme includes its existing capacity of 20 millions metre, installation of 32,000 spindles by way of backward integration and setting up of a 15 mw captive power plant. |
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| The State Bank of India (SBI) appraised this project and their syndication group has completed the deep tie-up of Rs 243 crore. In all, 14 banks are participating in this term loan consortium with the SBI being the leader. |
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| The denim manufacturing firm registered a net sales income of Rs 36.91 crore in the first quarter of the current financial year ended June 30. |
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| This was a 66.33-per cent growth over the first quarter income of Rs 22.46 crore last year. The firm earned a net profit after tax of Rs 4.54 crore compared to last year's Rs 2.41 crore. |
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| The increase in net profit growth has been recorded at 88.3 per cent. The company's net sales income amounted to Rs 128.73 Rs 2.41 crore,. |
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