INDIA: Indo Rama Reports Good Performance In June

Indo Rama Synthetics (I) Ltd., India's largest dedicated Polyester producer, reported significantly higher sales across its product range with a total Sales volume of 37,753 tonnes for the month of June 2003, as against 27,706 tonnes in May 2003, a 37 % rise. Production during this period increased to 24,620 tonnes as against 10,480 tonnes.

Reflective of the improved buoyancy in the market and return to normalcy in the textile industry since May this year, Indo Rama is currently operating at a capacity utilisation of 130%.

Effective July 1, Indo Rama has revised its product prices as follows -

The price of 130/34 Partially Oriented Yarn (POY) has been increased to Rs 61.50 from Rs. 58.50 while that of 70/34 Fully Drawn Yarn (FDY) has been increased to Rs. 77.50 from Rs. 74.50. The price of Polyester Staple Fibre (PSF) has been increased to Rs. 54.50 from Rs. 52.50 and that of 150 Draw Texturised Yarn (DTY) has also been upped to Rs. 62.75 from Rs. 60.75. All these prices are basic (excluding excise), per kg and ex-factory.

Source: Agencies

July 8, 2003

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Added: July 8, 2003
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