Nakoda proposes expansion and backward integration
Nakoda Textile Industries Ltd is embarking upon ambitious growth plan envisaging Backward Integration by installing 1,00,000 MTPA capacity Continuous Polymerisation Plant. This would eliminate dependence on polyester chips which are currently procured from outside. This would also bring down its manufacturing costs, as company will start manufacturing FDY/POY directly from PTA/MEG instead of polyester chips. It is also envisaged to expand the present production capacity from 50,000 MTPA to 1,00,000 MTPA of FDY/POY. The company is contemplating integrating forward also by installing texturising machines. Mott MacDonald India Pvt. Ltd.(IMM), a leading multi disciplinary management and engineering consultancy based in India who are part of the global Mott MacDonald Group headquartered in U.K., were engaged to carry out detailed Techno Economic Feasibility study and to prepare a project report which has been received and accepted. The project cost has been pegged at Rs 333 Crores to be funded by mix of equity, internal accruals and debt. Axis Bank has been retained for arranging funds for the project. Once complete, the project would make the company an integrated player of international size in the PFY segment.
Source:Nakoda