Nakoda Textile plans capacity expansion by September

MUMBAI: Nakoda Textile Industries finalised plans for substantial expansion in its texturising capacity from existing level of 1070 metric tones per annum (MTPA) to 28,800 MTPA. The aforesaid expansion is being implemented at a Textile Park of which NTIL is the main sponsor. The texturising plant is expected to be fully operational by September 2009.

During May 2009, the company received fresh orders for fully drawn yarn (FDY) to the tune of 1850 metric tones (MT) amounting to around Rs 166.5 million. This is in excess of the company���s monthly production capacity of FDY which has been well received by the market

Speaking on the company���s expansion plan, B. G. Jain, CMD, Nakoda Textiles Industries said, ���On completion of this texturising capacity, the company would be able to use almost entire capacity of its existing POY plant for captive purpose. The company expects to post a turnover of Rs 1000 crore during the calendar year 2009 as against Rs 800 crore for the year ended December 31, 2008.���