Sarbottam Spinning Mills to invest Rs 2.05 billion in expansion, plans IPO next fiscal year
▸ Part of: Inland Revenue Offices Collect Nearly Rs 6 Billion Revenue in 10 Months
Sarbottam Spinning Mills plans to invest Rs 2.05 billion to expand its production capacity by 50 percent, aiming to produce 75,000 kilograms of yarn daily. The company, formerly Jagdamba Spinning Mills, is installing advanced 'Vortex' technology. Alongside the expansion, Sarbottam Spinning Mills intends to launch an initial public offering (IPO) next fiscal year through the book-building process.
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