Held on 31 October 2018
The Board of Filatex India at its meeting held on 31 October 2018 approved to increase its polymerization capacity by 150 TPD though debottlenecking and adding machines for producing 170 TPD of Partially Oriented Yarn & 200 TPD of Draw Texturised Yarn at an estimated capital cost of Rs.275 crore. The project is expected to be completed by the end of December, 2019.The Board of Directors in today meeting also approved to put up a captive Thermal Power Generation plant of 25 MW at an estimated capital expenditure of Rs.100 cores and Solar PV Power generation capacity of 2.5 MW at an estimated capital expenditure of Rs.12 crore.
Going forward, the company also plans to carry out forward integration by putting up Fabric manufacturing and processing unit.
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