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: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Jurgen Gauger
Spreadshirt

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

Hannah Lane
Redress

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

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search