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Nitin Spinners get Board approval for Rs 300 crore expansion project

Related Keywords: additions in capacity, board approval, establish leadership position in market, expansion project, Nitin Spinners, Rajasthan based cotton yarn manufacturer, Ring Spinning and Rotor Spinning facilities, widen the range of its cotton products

Nitin Spinners, a Rajasthan-based cotton yarn manufacturer at the board meeting got approval of Rs 300 crore for expansion project to widen the range of its cotton products and to establish leadership position in the market.

The Board of Directors of the Company have approved expansion project for additions in the capacity of Ring Spinning & Rotor Spinning facilities at the existing location, The new plant would come into operations in second half of FY16, Nitin Spinners' said in a BSE filing.

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