MASKARA INDUSTRIES - DIVEST YOUR SHARES

Article Abstract:

Maskara Industries (MI) manufactures polyester filament yarn (PFY). It has an installed processing capacity of 1,400 tonnes per annum (tpa) of roto yarn and 147 tpa of twisted yarn. MI is tapping the market with a rights issue in the ratio of 5:3 to part-finance the project of polyethylene terephthalate (PET) chips from polyester waste. The proposed project will have an installed capacity of 10,000 tpa. It will have technical aide from Karl Fischer Industrieanlagen GmbH of Germany. MI's manufacturing turnover is only Rs8.28 crore. The proposed PET chips project is expected to cost Rs59.25 crore. The PFY industry is not faring well now. The PET chips project will increase the interest costs of MI. (uh)

Production management, Securities issued, listed, Noncellulosic Organic Fiber Manufacturing, Polyester Fibers, Polyethylene Terephthalate, Maskara Industries

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GAIL's NEW PETROCHEM PLANT GOES ON STREAM

Article Abstract:

Gas Authority of India Ltd has commissioned its petrochemical facility located at Pata in Uttar Pradesh. The project has been completed within the approved cost of Rs2500 crore and will produce 300,000 tonnes of ethylene per annum. The upstream and downstream units of the petrochemical plant are to be developed with technical help from Stone and Webstar of the US, Mitsui of Japan and Nove Chemicals of Canada. (khr)

New capacity, new plant construction, Ethylene, Gas Authority of India Ltd.

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