Brief: Mohit Industries avails term loan & working capital for textile division

Mohit Industries

03/12/2015 06:34

Dec 3 (Reuters) - Mohit Industries Ltd  MOHT.NS : 
 * Availment of term loan and working capital for textile division 
 * Availed loan of inr 184.2 mln,cash credit facility of inr 30 million with 
   bill discounting under lc of inr 10 million for expansion of textile dividend 
 * Source text:Mohit Industries Ltd has informed BSE that the Company has availed a sanction of Term Loan of Rs. 1842 Lacs and Cash credit facility of Rs. 300 lacs along with Bill discounting under LC of Rs. 100 lacs for expansion of textile Division from The Shamrao Vithal Co-operative Bank Ltd. The Company has already acquired land for the said expansion. This term loan will be utilized for putting up 8 Texturising machines in a new building at its existing unit located at Kim. 
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