Optiemus Infracom plans to set up mobile manufacturing unit in Noida



Electronics contract manufacturer is setting up a new factory for in Noida, which is expected to be operational by early February, a top executive of the company said on Friday.


.

The company has plans to raise Rs 285 crore from sale of one of its buildings in Noida to Kailash Darshan Housing Development (Gujarat), which the company plans to utilise towards business, repay the existing loans and reduce interest burden and for general business purpose.


.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



First Published: Fri, December 25 2020. 22:37 IST





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *