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GSFC eyes Rs 300 cr revenue from non-core business in FY17
13
Jan '16
The Gujarat State Fertilisers and Chemicals (GSFC) is aiming to earn Rs 300 crore revenue from its non-core business of textiles and infrastructure in financial year 2016-17, according to media reports.
 
In September 2015, the company had set up a plant for producing fully drawn yarn, which is used in manufacture of textiles. It also launched nylon fibres Gujcon CRF and PRF for use in infrastructure business.
 
“In the last few years, we have been focusing on our textile business of fully drawn yarn and infrastructure products based on nylon fibre. I am hopeful that by the end of next financial year both these businesses will contribute Rs 300 crore to our topline, SK Nanda, GSFC chairman and managing director, told PTI.
 
Over the next two years, the company will be making new investments to increase its capacity of nylon and caprolactam, a raw material used in the production of nylon-6. Currently, GSFC is the largest producer of caprolactam in India.
 
In addition, the company is also planning to raise its fibre capacity to 20,000 tonnes per annum and high-speed chips to 30,000 tonnes per annum. A 15,000 tonnes per annum nylon 6 project is also in the pipeline. (RKS)
 

Fibre2Fashion News Desk – India

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