Investment29 Jan 2025, 08:27 pm
FILATEX INDIA LTD. Announces Expansion and Investment in New Hybrid Power Project
AI Summary
FILATEX INDIA LTD. has announced its plans for expansion and investment in a new hybrid power project. The company's Board of Directors approved an expansion project for additional manufacturing facilities of Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Draw Textured Yarn (DTY) at its existing unit in Dahej. The estimated cost of this expansion is projected at approximately Rs. 155 crores with an expected commissioning date of June 2026. Furthermore, the Board also approved an investment of about Rs. 24.00 crores in a new hybrid power project with M/s Torrent Power Limited. This project is expected to be commissioned by September 2025. The decision was made in a meeting held on 29th January 2025.
Key Highlights
- FILATEX INDIA LTD. is expanding its manufacturing facilities for POY, FDY, and DTY with an estimated cost of Rs. 155 crores.
- The company has also approved an investment of Rs. 24.00 crores in a new hybrid power project with M/s Torrent Power Limited.
- The hybrid power project is expected to be commissioned by September 2025.
- The decision for expansion and investment was made in a Board meeting held on 29th January 2025.