Filatex India Limited was incorporated on August 8, 1990. The main business of the Company is manufacturer of Polyester Chips, Polyester/ Nylon/Polypropylene Multi & Mono Filament Yarn and Narrow Fabrics. The company has an installed capacity to produce 1500 TPA of monofilament yarn and 26200 TPA of PFY. Monofilament yarn finds application in brush bristles, industrial fabric, sewing threads, zippers, sports racquet Guts, artificial turf and magic fasteners. Later in 1995 it commissioned a Wind power project in Tamil Nadu.
In Sep.'93, the company came out with a public issue.
Keeping with the market situation the company expands or diversifies. It has diversified into the manufacture of speciality polyester filament yarn by setting up a unit at Dadra & Nagar Haveli. It has also installed a second line to manufacture monofilament yarn at its present plant. In 1994-95, the company issued 3.5 mln equity shares (premium : Rs 35) to financial institutions, mutual funds on private placement. In 1995-96, the company increased the installed capacity of polyester yarn to 700 tpa and manufacture polyester texturised yarn with an installed capacity of 1539 tpa. In 1997-98, it increased the installed capacity of Draw Texturised Yarn to 8,700 MT.
The company made a preferential issue of equity shares to its promoters consisting of 15,00,000 equity shares of Rs.10/-each. Subsequently the equity share capital stands increased to Rs.10.80 crores.
In 2008-09, Company commenced ...the manufacturing of Fully Drawn Yarns. It disposed of its Wind Mill Project. It commenced
commercial production for manufacture of 100 TPD of Polyester Fully Drawn Yarn in March, 2016. Filatex Global Pte Limited, Singapore was incorporated on 3rd Nov, 2015 as a Wholly Owned Subsidiary of the Company.
The Company completed commercial production for manufacture of 115 TPD of Polyester Fully Drawn Yarn and capacity expansion of value added product- Draw Textured Yarn (DTY) 200 TPD in September 2016.
The Company enhanced its total Polymerization Capacity from 900 TPD to 1050 TPD through debottlenecking activity. It also commenced production of Partially Oriented Yarn (POY) expansion from 340 TPD to 510 TPD.
The Company commenced production of Drawn Textured Yarn (DTY) expansion in August 2020. It completed and commenced
commercial operation of its captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra in December 2020. The Company commissioned 30 MW capacity Captive Power Plant at Dahej on August 4, 2021. It commissioned and started commercial production for debottlenecking melt capacity project of 50 MT per day and manufacturing lines of 120 MT per day POY at Dahej Plant in September, 2022.
In 2022, Company set up a 1500 kgs per day pilot plant for chemical recycling of PET bottle waste and polyester yarn waste. The Company increased the share of renewable energy by sourcing power from a 10.8 MW hybrid wind solar power plant in Rajkot, Gujarat in 2023.
Company has added 70 tons per day capacity to produce cationic chips in 2024.
The Company acquired all existing 2,000 Equity Shares of Texfil Private Limited, making it wholly owned subsidiary with effect from May 01, 2024.
FAQs on Filatex India Ltd
1. Can I buy Filatex India Ltd from PL Capital? ›
Yes, you can invest in Filatex India Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Filatex India Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Filatex India Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Filatex India Ltd pay dividends? ›
Yes, Filatex India Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Filatex India Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Filatex India Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Filatex India Ltd. is ₹ 48.15 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Filatex India Ltd ? ›
The 52-week high and low of Filatex India Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
