Filatex India has completed financial closure with the lenders for Rupee and Foreign Currency Loan for capacity expansion project. The orders for major Plant and Machinery, both imported & indigenous have been placed. The civil work has already been commenced and the project is progressing as per schedule.
Last year in August, the company had announced putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn, 50 TPD of Semi Dull Fully Drawn Yarn (LBS), 25 TPD of Bright Polyester POY and 85 TPD of Bright Chips at an estimated capital outlay of Rs 330 crore. The said expansion would be financed from Term Loans comprising of both Rupee and Foreign Currency & Internal Accruals / Unsecured loans / Equity etc.
Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.
| Company Name | CMP |
|---|---|
| Trident | 25.32 |
| Filatex India | 70.94 |
| Nitin Spinners | 556.75 |
| Nahar Spinning Mills | 276.45 |
| Sanathan Textiles | 451.25 |
| View more.. | |
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