This is an intimation to the Stock Exchange and the members, under Regulation 30 of SEBI (LODR), regarding the proposed Expansion cum Modernisation Project (Including Captive Power Generation Plant).\r\nIt is hereby informed that the Company has recently been sanctioned new Term Loan facility of Rs.17.25 crore by its bankers for the implementation of next phase of Expansion cum Modernisation programme having total project cost of Rs.24.00 crore. This included the installation of Captive power Generation Plant which will result into the major saving in the Energy Cost.\r\nThis plan consists replacement of old machineries with the newer and advance technology machineries and also install new machineries for increase in the production capacity.