# Indo Rama Synthetics approves Rs 600 crore capex plan

Indo Rama Synthetics (India) approved a capex plan of up to Rs 600 crore for its Butibori, Nagpur facility to add balancing equipment, manufacture specialty yarns, and install a 700 TPD PET resin plant.

- Type: Investment
- Announced: 2021-05-19
- Where: Butibori, Nagpur, India
- Value: $81.0M (6.00B INR)
- Status: announced
- Capacity: 700 TPD PET resin
- Products: specialty yarns, recycled filament yarns, PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indo Rama Synthetics (India)](https://endata.com/companies/55281.md)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-indo-rama-synthetics-approves-capex-plan-up-to-rs-600-cr-121051901340_1.html), 2021-05-19: "The Board of Indo Rama Synthetics (India) at its meeting held on 19 May 2021 has approved capex plan up to Rs 600 crore in the company and its wholly owned subsidiarie(s) at Butibori,Nagpur towards addition of balancing equipment for value addition, manufacture of specialty yarns including recycled "

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.