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Outcome of board meeting of Jumbo Bag

Last Updated : Mar 30 2017 | 4:28 PM IST

Held on 29 March 2017

Jumbo Bag announced that the Board of Directors of the Company at its meeting held on 29 March 2017 has reviewed the setting up a new manufacturing unit at Peruvoyal Village, Thiruvallur District in the State of Tamil Nadu which will take over the production outsourced to various satellite units.

Revised plan of new unit -

Proposed capacity of new unit - 250 MT per month
Perio within which the proposed capacity is to be added - By May 2017
Investment required - Rs 3 crore
Mode of financing - Term loan

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