Expansion16 Oct 2026, 03:11 pm
Indo Rama Synthetics Approves ₹200 Cr Expansion Plan
AI Summary
Indo Rama Synthetics (India) Ltd announced that its Board of Directors has approved an expansion plan of approximately INR 200 Crores. This investment will be directed towards capex for speciality filament and speciality fibre production at its Butibori Plant in Nagpur, Maharashtra. The expansion will also involve its wholly owned material subsidiary, Indorama Ventures Yarns Private Limited (IVYPL). Commercial operations are estimated to commence within the next 12-18 months. The projects will be financed through term loans, supplemented by internal accruals.
Key Highlights
- Board approves significant expansion plan of ₹200 Crores.
- Investment targets speciality filament and fibre production.
- Expansion to occur at Butibori Plant, Nagpur.
- Commercial operations expected in 12-18 months.
- Financing mix of term loans and internal accruals.
Price Impact
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