 "Sintex plans to build a textile plant in Pipavav")
Sintex Industries Limited is planning to invest around Rs 5500 crore for setting up a greenfield textiles plant including spinning and knitting at Pipavav (Gujarat), according to a Business Standard report. The company is aiming to fully commission the new project in 2017-18.
According to Amit Patel, group managing director of Sintex Industries, the multi-fibre plant will see commercial production through spinning, knitting and weaving of various fibres like cotton, polyester, viscose and spandex, among others. At its full capacity, the plant will see one million spindles, along with 600 tonnes of knits and 2400 weaving machines.
Recently, the company's Board of Directors had approved exploration of the possibility of setting up a new spinning unit wherein Sintex Industries Limited was mulling a 320,000 spindle project.
FOR COMPLETE REPORT READ: Sintex to set up Rs 5,500 cr greenfield textile plant
According to Amit Patel, group managing director of Sintex Industries, the multi-fibre plant will see commercial production through spinning, knitting and weaving of various fibres like cotton, polyester, viscose and spandex, among others. At its full capacity, the plant will see one million spindles, along with 600 tonnes of knits and 2400 weaving machines.
Recently, the company's Board of Directors had approved exploration of the possibility of setting up a new spinning unit wherein Sintex Industries Limited was mulling a 320,000 spindle project.
FOR COMPLETE REPORT READ: Sintex to set up Rs 5,500 cr greenfield textile plant