The Board of Directors of Filatex India Ltd has discussed the pros and cons and decided/approved that Polyester textiles Recycling Project will be executed in its wholly owned subsidiary, Texfil Private Limited.

The estimated project cost shall be around Rs. 300 crore for an annual capacity of 26250 MT.

This project will be using polyester textile waste in all forms to produce polyester chips.

In Texfil Private Limited, the Company will invest an amount not exceeding Rs. 50 crore.

Further the company will give loan an amount of not exceeding Rs. 100 crore.

Filatex India Limited is today among the country's leading manufacturers of Polyester Filament Yarn. With an entry into manufacturing in 1994 with monofilament yarn, today the company fulfils emerging garment needs of millions and adds extra mileage to India's developing textile industry.