Himatsingka Seide is planning a multi phase investments over the next three years at its Hassan plant in Karnataka. The investment will be used to enhance the sheeting capacity from its current 23 million meters per annum (MMPA) to 46 MMPA. In addition, it will set spinning and terry towels facilities with capacity of 211000 spindles and 25000 tonnes per annum respectively. Estimated investment is around Rs. 1,281 cr.
Extracted from BS, Aug 31,’15