Home / Knowledge / News / Textiles / Ganesh Polytex allocates fund for organic growth projects
Ganesh Polytex allocates fund for organic growth projects
Dec '10
Aiming to fund its ambitious organic development plans, Ganesh Polytex Ltd (GPL) has allocated a sum of Rs 1.25 billion for the purpose, to be used over a period of next one year.

The plan entails establishment of greenfield plastic recycling projects with an annual capacity of transforming 15,000 tonnes of waste into partially oriented yarn (POY) and texturised yarn.

The project finance of Rs 1.25 billion is intended to be raised through various sources like equity, debt and internal accruals.

Further, the company, as a component of business expansion intended towards meeting the requirements of the customers directly, is also to set up facilities for producing 5,000 tons per annum of spun yarn from reprocessed polyester staple fibre.

The company plans to launch the project in Uttar Pradesh's Bilaspur district, near its already existing pet bottle processing plant, and has also acquired a 15 acre plot for the purpose.

The firm branched out into the production of recycled polyester staple fibre by reprocessing non-biodegradable post-consumer pet bottles and establishing a plant with a capacity of 6,000 tons per annum, as back as in 1995. The plant as well as the technology was imported from Korea.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search