Indo Rama Synthetics Ltd plans to spend Rs 1,400 crore over the next four years on expansion of its capacity. The expansion plan will be carried out in two phases: Rs 600 crore for phase I and Rs 800 crore for phase II. Capacity expansion will involve setting up a Greenfield project at a new location and expanding the existing capacity at the company's Butibori plant in Maharashtra. Indo Rama plans to add 350,000 tonne per annum of polyester staple fibre (PSF), polyester filament yarn (PFY) and PET resin.
In the first phase, the company hopes to add around 30,000 tpa of PFY by 2002-03 and a further 150,000 tpa of PSF by 2003-04. These new capacities will be added to its existing plant at Butibori. In the second phase, the company will add another 175,000 tpa of PFY/PSF/PET resin by setting up a Greenfield plant at a new location. The project is expected to go on stream by 2005-06 at an investment of around Rs 800 crore.
