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Nakoda to invest Rs 19.35bn to hike polyester capacity

06
Jan '12
Nakoda Limited, has decided to venture in to further capacity expansion at a new location by setting up a 2,80,000 MTP A plant comprising of Continuous Polymerisation, Direct Melt Spinning for the manufacture of POY and FDY in the denier range of 30 to 500 having 12 to 578 filaments in Bright, Semi-dull, full-dull, Cationic and Dope-dyed yarns.

The Board of Directors, in its meeting held on 5th January, 2012, approved major expansion plan to significantly enhance capacities and produce specialty yarns.

After the completion of the Expansion Project, Nakoda will be in a position to cater to the entire range of Polyester yarns in the domestic as well as international market.

The project is estimated to cost Rs. 1935 Cr. and is proposed to be financed by a mix of equity and internal resources and also the long terms debts. The required equity for the same is already raised partly through GDRs and partly through preferential allotments to the promoters and strategic investors.

Highlights of the projects:-
• State of the art R&D facilities to develop specialty yarns which can not be afforded by small and medium units.
• About 50% of the production to be captively utilized at Surat Super Yarn Park Ltd
• (SSYPL) located in vicinity of the project.
• To be the only fully integrated Polyester Filament Yarn plant in the country.
• To be the first fully automatic plant in India.
• 100% coal based captive power generation assuring uninterrupted quality power supply at much cheaper rates.
• Significant savings in packaging cost by elimination of cartons for the material to be supplied to SSYPL.
• Similar savings in the cost of certain inventories like spools, caps, pallets and some other goods.

Nakoda Limited


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