Tamizuddin Textile will invest in BMRE

Capital Market listed company Tamizuddin Textile’s board of directors has decided to invest in BMRE. This information has been known from DSE sources.

It is learned that the company will invest Rs 50 crore in BMRE for balance, modernization, rehabilitation and expansion. The company will finance this investment from its own assets and bank loans. The company will replace most of the equipment for BMRE from China, Japan and European countries with state-of-the-art spinning production facilities.

After the implementation of BMRE, there will be significant income in terms of profitability, yarn quality, production capacity and efficiency.

Sunbd/NJ