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Nakoda Textile to invest Rs 325 Cr for polymerization plant

25
Apr '08
Nakoda Textile Industries Ltd has informed that the Company is contemplating to go for backward integration programme by setting up a continuous polymerization plant having installed capacity of 1 lakh MTPA.

POY capacity is also being expanded by 70,000 MTPA. The above backward integration cum expansion is being taken up adjacent to the Company's existing POY / FDY units at Karanj in Dist. Surat.

As a part of forward integration the Company will install 20 nos. texturising machines in a Textile Park being set up by M/s. Surat Super Yarn Park Ltd at Hathuran in Dist. Surat.

The capital outlay for this backward integration / expansion / forward integration project is estimated at Rs 325 Crores as per detailed project report prepared by Mott Mac Donald India, to be funded by equity, internal accruals and long term debt.

Nakoda Textile Industries Ltd


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