Rushil Decor to expand MDF capacity, will invest Rs 345 crore

Rushil Decor has expansion plans for their medium density fiberboard (MDF). In an interview to CNBC-TV18, Krupesh Thakkar, MD of the company spoke about the latest happenings in the company.

We have MDF plant at Chikmagalur in Karnataka. Rushil Decor produces 90,000 cubic meters per year.

"We want to expand capacity in Andhra Pradesh and it will be 240,000 cubic meters per year," he added.

Rushil Decor will invest Rs 345 crore for this expansion of which Rs 240 is a bank loan and rest will be through internal accrual and equity, said Thakkar.