SVP Global Ventures Ltd board approves Rs. 100 crore capex

The Board of Directors of SVP Global Ventures Ltd at its meeting held on October 18,2021 have considered and approved the capital expenditure amounting to Rs. 100 Crore in setting up a approximately 4,500 MT per annum green-field facility for technical textiles at Jnalawar, Rajasthan. The Company expects to start commercial production in 12-15 months. The funding for the same will be done through internal accruals.

Shares of SVP GLOBAL VENTURES LTD. was last trading in BSE at Rs. 117.55 as compared to the previous close of Rs. 117.50. The total number of shares traded during the day was 34985 in over 1024 trades.

The stock hit an intraday high of Rs. 121.65 and intraday low of 116.00. The net turnover during the day was Rs. 4175806.00.

Source : Equity Bulls

Keywords

SVPGLOBALVENTURES INE308E01029 Textiles Capex