As per the action plan, the company has proposed conversion of three extruder spinning lines to direct spinning lines using in-house expertise to achieve better quality of POY, reduction in both downgradation and cost of production and increase in production.
Further de-bottlenecking of CP plant for enhancing the capacity to 150 tonnes per day (TPD) from the existing 120 TPD capacity, without affecting the product quality. The design CP capacity is 90 TPD, the company said in a note to the exchange here.
The company plans production of coarse denier on four positions in one of the spinning lines for new applications other than apparel use apart from production of mass coloured yarn on one of the spinning machines.
The company will take up trial production of high performance POY on one spinning machine by physical modification of PET using loss-in-weight feeder, the note further said. The plans include getting into development of fine micro deniers yarns, speciality yarn production on Zinser such as NSY yarns and Grindle yarns and EG re-cycling for better economy of the process.
The company could be able to establish quality in POY and runnability at high speeds in downstream process and new products such as bright and micro yarns were developed and tested successfully, the company said further.
Subsequent to take over by Reliance Industries, the name of the company has been changed from DCL Polyesters Limited to Central India Polyesters Limited during the year. With the implementation of the financial restructuring, the finance charges have been brought down from Rs 9.84 crore to Rs 2.08 crore in the current year, leading to better overall performance.