Prakash Woollen & Synthetic Mills Limited announced that the board of directors in its meeting held on June 24, 2021, approved the expansion plan to enhance production capacity of the company by 50% to fulfill the demand of blankets particularly in peak season. Total project cost is estimated at INR 280 million which will be partly financed by term loan of INR 200 million and balance from internal accruals. The project is expected to complete by the end of this financial year and commercial production is expected to commence from the beginning of the next financial year i.e. April, 2022. Proposed capacity addition is 120 million blanket, Double bed size pa.