You are here: Home » News-CM » Companies » News
Business Standard

Board of SVP Global approves setting up greenfield facility for technical textiles

Capital Market 

At meeting held on 18 October 2021

The Board of SVP Global Ventures at its meeting held on 18 October 2021 has approved the capital expenditure amounting to Rs. 100 crore in setting up a approximately 4,500 MT per annum green-field facility for technical textiles at Jnalawar, Rajasthan. The Company expects to start commercial production in 12-15 months. The funding for the same will be done through internal accruals.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 18 2021. 11:42 IST