At meeting held on 29 October 2015
Natural Capsules announced that the Board of Directors of the Company at its meeting held on 29 October 2015, inter alia, has transacted the following:- The Board has in principle approved enhancement of manufacturing capacity of Gelatin Capsules at its Pondicherry unit from present capacity of 6.1 Billion to 8.36 Billion capsules per annum by modification of existing manufacturing lines at an approximate cost of Rs. 10 crore Project will be implemented over the next 30 months and will be funded through internal accruals.
The board has also approved the up gradation of manufacturing facility at Bangalore and conversion of existing three gelatin capsules lines there to HPMC (Vegetarian) capsules lines, with a capacity of 1.2 Billion capsules at an approximate cost of Rs. 15 crore. This is proposed to be funded through a combination of internal accruals & debt and will be implemented over a period of next 30 months.
Company is presently operating at a capacity utilization of around 95% and hence the proposed capacity expansion to cater to market requirements.
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