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Filatex India provides update on its capacity expansion project

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Completes financial closure

provided update on the capacity expansion project undertaken by the Company. The Company is putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn, 50 TPD of Semi Dull Fully Drawn Yarn, 25 TPD of Bright Polyester POY and 85 TPD of Bright Chips at an estimated capital outlay of Rs 330 crore.

The Company has completed financial closure with the lenders for Rupee and Foreign Currency Loan. The orders for major plant and machinery, both imported and indigenous have been placed. The civil work has already been commenced and the project is progressing as per schedule.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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