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By EquityPandit
Rushil Decor aims expansion of their medium density fiberboard (MDF).
Krupesh Thakkar, MD of the company, has said that we have MDF plant at Chikmagalur in Karnataka. The company produces 90,000 cubic meters per year.
He further said that “We want to expand capacity in Andhra Pradesh and it will be 240,000 cubic meters per year.”
He said that Rushil Decor will be investing Rs 345 crore for this expansion of which Rs 240 is a bank loan and rest will be through internal accrual and equity.
