Mudra Lifestyle Ltd has opened the weaving division of Mega Expansion Project (Phase I) on March 19, 2009 and division of Yarn Dyeing and Process house will be operative in the last week of March 2009.
The company has also commenced the Phase II of said Mega Expansion Project and the Civil work for Phase II has been started. Simultaneously, the order for machineries is being placed and the said project will be operative in the month of September 2009.
Previously, the company had emerged with an IPO in the February 2007 for the Mega expansion project (Phase I) of Rs 177 Crores along with the financial assistance of Banks.
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