Nakoda Textiles Industries is planning a Rs.333 crore for forward and backward integration of its texturising plant at Karanj, near Surat in Gujarat.
Of the Rs.333 crore investment, Rs.250 crore will be procured as term loan while the rest, Rs.83 crore, will be through internal accruals, promoter's share and fresh equity. Of this, Rs.15 crore worth of machinery will be imported from China and Europe. The company also plans to upgrade its seven to eight MW power plant at Surat to 20 mega watts, which might cost up to Rs.50 crore.
Currently, the company is selling partially-oriented-yarn (POY) in the market, but plans to set up 20 texturising machines with a capacity of 30,000 tpa to be installed by December 2009. The total capacity of the polyester in 2010 will increase to one lakh tpa, texturising to 30,000 tpa, and fully-drawn-yarn (FDY) will remain at 20,000 tpa. |