Indo Rama Synthetics Board approves capex plan up to Rs 600 cr

The Board of Directors of Indo Rama Synthetics has approved a capital expenditure (capex) plan of up to Rs 600 crore in the company and its wholly-owned subsidiary(s) at Butibori in Nagpur, Maharashtra.

The capex is towards addition of balancing equipment for value addition, manufacture of specialty yarns including recycled filament yarns and to install 700 tpd PET resin manufacturing facility to diversify the product portfolio of the company.

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