Comsyn informed the exchange that the new manufacturing unit of the Company -Techtex situated at Plot Nos. A-12 & A-13, Indore Special Economic Zone, Pithampur Phase 2, Dhar, Madhya Pradesh has started the Commercial Production from March, 11th 2023.
Comsyn had already invested Rs. 31.50 Crores for purchase of building and machinery and its repairs and renovation while some capital expenditure is yet to done.
This expansion was funded through financing from and internal accruals.
The project will manufacture geotextiles, ground covers, nets and other technical textile products.