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Nakoda Textiles aims to double turnover by 2010

21
Aug '09
Mr BG Jain, CMD, Nakoda Textile Industries
Nakoda Textile Industries Ltd, the BSE listed company is aspiring to double its turnover to Rs 18 billion and quadruple its profits to Rs 550 million by 2010, from Rs 8 billion in turnover and Rs 130 million in profits achieved in 2008.

CMD of Nakoda Textiles, Mr BG Jain said that, “Expansion plans for the partially oriented yarn (POY) and texturising projects are on track, besides which the Integrated Textile Park set up by Nakoda near Surat is ready for commissioning in September”.

The Integrated Textile Park, he said, envisages an investment of Rs 1.08 billion and will also have a 15 Mw coal based power plant and that 27 entrepreneurs have already signed agreements to set up units in the park.

NTIL ranks among the largest manufacturers of FDY (Fully Drawn Yarn) with an installed capacity of 19,500 MTPA. An ISO 9001-2000 company, Nakoda Textiles Industries Ltd. was incorporated in 1984.

Fibre2fashion News Desk - India


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