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.
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