Indian Acrylics has informed that that the Company is gradually increasing production at both of its plants of Acrylic Fibre and Acrylic Yarn. The capacity utilization of the plant has improved in the Month of August as compared to May-July 2020 on account of improved sales. The Company continues to maintain leadership position in the segment of ready to use dyed yarns on the Cone inspite of Covid-19 situation and low consumer confidence. The company expects that production and sales level will improve further in the coming months and will reach to about 85% of Pre-Covid level. The monthly sale revenue in the month of July & August 2020 is Rs 34 Crore and Rs 47 Crores respectively. It is expected to reach Rs 60 Crore in another one or two month time.
The above information is a part of company’s filings submitted to BSE.
