Ramco to set up spinning unit
Ramco Industries Ltd on Tuesday said it will invest Rs 35 crore for setting up a cotton yarn spinning unit at Rajapalayam in Tamil Nadu.
By PTI |
MUMBAI: Ramco Industries Ltd on Tuesday said it will invest Rs 35 crore for setting up a cotton yarn spinning unit at Rajapalayam in Tamil Nadu.
The company informed the Bombay Stock Exchange that the project would be funded by a combination of term loans and internal accruals.
The cotton yarn spinning unit with a capacity of 16,800 spindles is expected to go on stream by June 2007, it said.
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