Home / Knowledge / News / Textiles / Nakoda plans Rs 15 bn investment to expand its capacities
Nakoda plans Rs 15 bn investment to expand its capacities
10
May '10
Nakoda Ltd has informed that the Board of Directors of the Company at its meeting held on May 10, 2010, inter alia, has approved the following:

1. Three years Growth Plan envisaging investment of Rs. 1,500 cr, including immediate Expansion Project at a cost of Rs. 234 Cr. to increase the Company's spinning capacity from 1,00,000 MTPA to 1,40,000 MTP.

2. Preferential issue of Convertible Warrants of Rs. 108 Cr. to the promoters and strategic investor(s).

3. Further issue of Equity Shares up to an amount not exceeding Rs. 108 Cr. through QIP or Depository Receipts.

4. convening 25th Annual General Meeting of the Company on June 10, 2010.

5. Noting cessation of Shri M. S. Nayak as Director of the Company due to his sad and Sudden demise.

6. Appointment of Mr. Paresh J. Shah, Advocate & Solicitor as an Additional Director of the Company.

Nakoda Textile Industries is engaged in the manufacture of polyester partially-oriented yarn (POY), fully drawn yarn (FDY), texturized and draw-twisted yarn and trading of all types of chips, yarn, fabrics and salt.

Nakoda Limited

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search