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Expansion, modernization & diversification plan of Banswara Syntex
09
Dec '09
Banswara Syntex announced that it has taken up plan for expansion, modernization and diversification.

The total investment for these projects including margin money for working capital is Rs 6000 lacs. The Segment wise investments is as under:-
1) Spinning - 1868 (Rs. In lacs)
2) Yarn & Fiber Dyeing Plant - 629 (Rs. In lacs)
3) Fabric Weaving Plant - 819 (Rs. In lacs)
4) Jacquard Fabric for technical textile - 922 (Rs. In lacs)
5) Fabric Processing Plant - 807 (Rs. In lacs)
6) Readymade Garment unit for technical textiles - 955 (Rs. In lacs)
Total = 6000 (Rs. In lacs)

The company proposed the term loan of Rs 4800 lacs and balance 1200 lacs to be invested out of internal accruals. The term loan of RS.2000 lacs has already been sanctioned from its bankers. The balance amount of loan is under consideration with bankers.

While proposing this capital expenditure besides increasing and modernizing the existing production capacities in various segments, company has also diversified its fabric business to wards the jacquard and technical textile like laminated fabric, fire retardant fabrics, water repellant fabrics etc.

Banswara Syntex Limited in the manufacturer of Yarn & Fabric.

Banswara Syntex Limited

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