On restart of two projects involving capex of Rs 44.5 crore
Radha Madhav Corporation announced that 2 Substantial projects viz. MOPVC Project comprising of a 5 Roll Calendar, A Stretching Line and ancillaries imported from Austria, Europe and various destinations has been put back in production with complete overhauling and maintenance work. Cap-Ex for this project was in range of Rs 29 crore while setting up.Similarly POF manufacturing Line imported from Italy, Europe involving a Cap-Ex of Rs 15.5 crore during setting up has also been put back in production with complete overhauling.
Above two projects shall have a significant positive impact on the business of the Company. These products shall cater to existing customers in Pharmaceutical, FMCG and general packaging sector.
Facing very insignificant and negligible competition for the above mentioned products; Company shall have better positioning in expanding its Franchise Model.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app