DCM Nouvelle Ltd. performs Bhoomi Poojan for new plant at Hisar, Haryana.

DCM Nouvelle Ltd. has performed Bhoomi Poojan of a new plant at the proposed site at Hisar (Haryana). The capacity of this new production line will be approx. 43776 spindles and with this addition, the overall capacity of the Company will be enhanced to approx. 1,58,000 Spindles. The said new plant would involve an investment of Rs. 175 Crores approx. in Building, Plant & Machinery, Utilities and other related infrastructure. The project is likely to be completed by next year and will be financed by mix of internal accruals and debt.

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