Expansion to add Rs 800 crore turnover in FY19: RS Reckchand Mohota

Rai Saheb Reckchand Mohota Spinning and Weaving rallied over 250 percent in the last six months. There have been some announcements at the company's annual general meeting (AGM).

In an interview to CNBC-TV18, Mahendra Mohota, President of Rai Saheb Reckchand Mohota Spinning and Weaving spoke about the latest happenings in the company and his outlook going ahead.

Talking about expansion, he said it will come on-stream in FY18-19 and it is expected to add Rs 700-800 crore to the turnover in FY19.

On the bottomline, the company is projecting an EBITDA of Rs 166 crore in FY19, he added.