Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI Listing Regulations - Expansion/Capex Approval
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board of Directors has approved an expansion plan of approximately ₹200 Crores in the Company and its Wholly Owned Material Subsidiary, Indorama Ventures Yarns Private Limited (IVYPL).
The expansion is towards capex for specialty filament and specialty fibre production at the Butibori Plant, Nagpur, Maharashtra.
Estimated commercial operation date is within the next 12-18 months.
The projects will be financed by taking term loans mixed with internal accruals.
Other Significant Information:
The expansion involves both the parent company and its material subsidiary IVYPL.
Location: Butibori Plant, Nagpur, Maharashtra, India.