Home / Knowledge / News / Textiles / Nakoda to invest Rs 19.35bn to hike polyester capacity
Nakoda to invest Rs 19.35bn to hike polyester capacity
06
Jan '12
Nakoda Limited, has decided to venture in to further capacity expansion at a new location by setting up a 2,80,000 MTP A plant comprising of Continuous Polymerisation, Direct Melt Spinning for the manufacture of POY and FDY in the denier range of 30 to 500 having 12 to 578 filaments in Bright, Semi-dull, full-dull, Cationic and Dope-dyed yarns.

The Board of Directors, in its meeting held on 5th January, 2012, approved major expansion plan to significantly enhance capacities and produce specialty yarns.

After the completion of the Expansion Project, Nakoda will be in a position to cater to the entire range of Polyester yarns in the domestic as well as international market.

The project is estimated to cost Rs. 1935 Cr. and is proposed to be financed by a mix of equity and internal resources and also the long terms debts. The required equity for the same is already raised partly through GDRs and partly through preferential allotments to the promoters and strategic investors.

Highlights of the projects:-
• State of the art R&D facilities to develop specialty yarns which can not be afforded by small and medium units.
• About 50% of the production to be captively utilized at Surat Super Yarn Park Ltd
• (SSYPL) located in vicinity of the project.
• To be the only fully integrated Polyester Filament Yarn plant in the country.
• To be the first fully automatic plant in India.
• 100% coal based captive power generation assuring uninterrupted quality power supply at much cheaper rates.
• Significant savings in packaging cost by elimination of cartons for the material to be supplied to SSYPL.
• Similar savings in the cost of certain inventories like spools, caps, pallets and some other goods.

Nakoda Limited

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search