Nahar Spinning Mills Limited announced that the board of directors of the company in its meeting held on 9 November 2021 has approved to enhance the existing spinning capacity of the company. Proposed capacity addition: (a) New Airjet Spinning Unit by Installing 8 Machines; (b) New Ring frame Spinning (PC) unit with 31200 Spindles; (c) Modernization of company's Spinning Units. Period within which proposed capacity is to be added: By Financial Year 2023. Investment Required: (a) INR 870 million (approx.) For New Airjet Spinning Unit; (b) INR 1,600 million (approx.) For New Ring frame Spinning (PC) unit with 31200 Spindles.