Shree Jagannath Spintex Private Limited is a Private Company incorporated under the Companies Act,2013 established in the year 2022. the company is incorporated to carry on the business of cotton Ginning, spinning, weaving, manufacturing and import- export of it. It has proposed to set up a cotton yarn manufacturing facility of 7200 spindles in Kesinga, Odisha (hereinafter referred to as ‘Project’). The project is expected to start commercial operation by 1st April 2024.
The total project cost envisaged is INR 2600.00 lacs which would be funded by promoters’ contribution of INR 1150.00lacs and Term Loan of INR 1450.00lacs. The Project is proposed to be funded via a Debt-Equity Ratio of 1.26:1.