Home / Knowledge / News / Textiles / Nakoda to invest Rs 19bn and double capacity
Nakoda to invest Rs 19bn and double capacity
05
Apr '12
Mr BG Jain - CMD, Nakoda Ltd
Mr BG Jain - CMD, Nakoda Ltd
Nakoda Ltd, a polyester filament yarn producer, plans to double its polymerisation capacity to 280,000 tons a year with an investment of Rs 19.35 billion over three years.

The company proposes to raise debt of Rs 15.50 billion through term loans. The remaining investment amount will be funded through internal accruals. The new capacity addition will be made to the company's existing plant at Surat in Gujarat.

The project, when complete, Nakoda to supply the entire range of polyester yarns in the domestic and international markets. The company currently has a debt of Rs 3 billion and the loan repayment has already started last year with the first installment of Rs 450 million.

A similar amount will be paid this year. The company has Rs 1.35 billion from its GDR proceeds which will be utilised for its expansion.

Nakoda currently has a capacity to produce PET (polyethylene terephthalate) chips of 50,000 tons a year , POY (partially oriented yarn) of 30,000 tons and FDY (full draw yarn) of 60,000 tons. It also has texturising facility of 30,000 tons.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search