Indian Acrylics Limited has completed the project to increase the capacity of yarn manufacture by adding 15360 new spindles to its existing capacity thereby enabling it to consume around 30% of the Acrylic Fibre being produced by the company. The working capital, as well as term loan requirement for the project, has been tied up with the existing bankers and required facilities have already been disbursed during this quarter.

The consortium member banks during their consortium meeting expressed their satisfaction over the progress of the company and also confirmed that all Indian Acrylics Limited's accounts are running regular and standard.