Business Standard

Outcome of board meeting of Jumbo Bag

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Capital Market

Held on 29 March 2017

Jumbo Bag announced that the Board of Directors of the Company at its meeting held on 29 March 2017 has reviewed the setting up a new manufacturing unit at Peruvoyal Village, Thiruvallur District in the State of Tamil Nadu which will take over the production outsourced to various satellite units.

Revised plan of new unit -

Proposed capacity of new unit - 250 MT per month
Perio within which the proposed capacity is to be added - By May 2017
Investment required - Rs 3 crore
Mode of financing - Term loan

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First Published: Mar 30 2017 | 3:56 PM IST

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