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Maral Overseas begins commercial production of new unit for garment business

The investment required for the commencement is Rs1.29cr.

December 29, 2021 12:12 IST | India Infoline News Service
Maral Overseas Ltd has informed that the Board of Directors of the Company on September 3, 2021 had approved the proposal for setting up of a new unit on lease for the Garment business of Company at Faridabad (Haryana).

Now, it is announced that the said unit has started commercial production.

According to the regulatory filing, the investment required for the commencement is Rs1.29cr and mode of financing is internal accrual.

Period within which the proposed capacity is to be added is March, 2022 where the existing capacity is 40% at 1.73 lakh pcs p.m.

At around 12:13 PM, Maral Overseas was trading at Rs102.70 apiece up by Rs0.35 or 0.34% on the BSE.

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