Sattva Sukun Lifecare Ltd has officially approved establishing a new facility at Firozabad, a substantial addition to its manufacturing capacity. The move goes in tandem with the company's expansion policy to increase its footprint in the wellness and home care business.
1. Expansion Strategy & Business Growth
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The firm will manufacture burners, vaporizers, aroma oil products, and wellness solutions in the new plant.
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The company wants to enhance the productivity of production to address expanding consumer demand.
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The development will also create employment in the region.
2. Financial & Market Impact
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Sattva Sukun Lifecare Ltd has been aggressively diversifying its business model, which includes investing in corporate growth and securities.
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The company's recent rights issue collected ₹48 crore, funding its expansion plans.
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The new plant is likely to further reinforce the company's market position, according to experts.
Sources: Chittorgarh, IPO Watch, Binge