Indo Rama Synthetics Approves ₹200 Crore Butibori Speciality Expansion Project

Board approved ~Rs 200 Cr capex in Company and subsidiary IVYPL for speciality filament and fibre at Butibori, Nagpur, targeting commercial ops in 12-18 months via term loan and internal accruals. Extends staged value-added strategy after prior PET resin and DTY additions, deepening speciality mix as domestic value-added focus rose; uses existing Butibori site and DTY subsidiary. Adds debt-funded growth while recovery stays cash- and balance-sheet-sensitive; capex split, loan terms, capacity uplift and approvals undisclosed; execution over coming months is key.