Jumbo Bag Ltd : Reviewed setting up manufacturing unit at Peruvoyal village in Tamil Nadu which will take over production outsourced to various satellite units . Says proposed capacity of new unit is 250 MT per month . Says investment required is INR 30 million . Says mode of financing to be term loan .Says proposed capacity expected to be added at new unit by may 2017.
Jumbo Bag Ltd : Dec quarter net profit 2.2 million rupees versus 5.1 million rupees year ago . Says approved setting up of a new manufacturing unit at Peruvoyal village, Thiruvallur district in the state of Tamil Nadu .Dec quarter net sales 236 million rupees versus 191.3 million rupees year ago.