Nakoda buys stake in Surat Super Yarn Park |
By e4p Correspondent, Saturday, August 22, 2009, 16:13 Hrs [IST] |  |
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Category: Textiles | Tags: Surat Super Yarn Park, Integrated Textile Parks Scheme, power plant, textile park | Share:  |
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Nakoda Textile Industries has acquired a 18.5 per cent stake in Surat Super Yarn Park in Gujarat. Surat Super Yarn Park Ltd (SSYPL).
SSYPL is a SPV floated by the Nakoda Group, Shubhlaxmi Group and the Kothari Group under the ‘Scheme for Integrated Textile Parks” brought out by the Ministry of Textiles.
The park is being set up at an investment of Rs 108 crore inclusive of a 15 MW coal based captive power plant planned at the cost of Rs 55 crore.
Nakoda plans to set up 20 texturing machines with a capacity of 28,800 tonne in the textile park.
Source : ProjectsToday
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