The Hindu Business Line : Gupta Syn to set up new unit

Gupta Synthetics Ltd will be setting up a new unit in Silvassa to manufacture nylon tyre cord fabric (NTCF) and nylon filament yarn (NFY) for a total investment of Rs 223 crore. The investment will be funded by a combination of term loans and external commercial borrowings.

Both the units will have an installed capacity of 8,128 tonnes per annum each. While the NFY operations will start from October 2007, the NTCF unit will go on stream from March 2008. Machinery for the units will be sourced from Japan-based TMT Machinery, and Zimmer A.G., Germany. Shares of the company rose 8.24 per cent to close at Rs 271.40 on BSE.

More Stories on : New Projects | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Elder Pharma to market Roche drug

L&T bags $86-m China orders

Coal India may opt for re-categorising of consumers

Infosys unveils new HR practices

Punj Lloyd sets up engineering services outsourcing company

Willis BA India sets up M&A unit

Petronet stake for Qatar: `Due diligence completed'

Tata Motors, Fiat to invest Rs 4,000 cr in new facility

Rama Pulp plans expansion

Gupta Syn to set up new unit

JB Chem pact with S. African co

Ranbaxy gets US nod to make, market Cefprozil

ONGC confident of Shell role in Kalol project

Century Building plans to set up SEZ

Panna-Mukta-Tapti joint venture plans contract with Gujarat Gas

Parsvnath to construct 14 hotels