Indian Acrylics has completed the project to increase the capacity of yarn manufacture by adding 15360 new spindles to its existing capacity thereby enabling it to consume around 30% of the Acrylic Fibre being produced by the company.
The working capital as well as term loan requirement for the project has been tied up with the existing bankers and required facilities have already been disbursed during this quarter.
Indian Acrylics is the largest and most efficient acrylic fiber manufacturer of India and an important player in the global industry with exports to Asia, Europe and the Middle East.
