By: ICN Bureau
Last updated : January 05, 2021 9:03 am
Sale of fibre and yarn during December 2020 has increased by 19 per cent to around Rs.64.02 crore.
Indian Acrylics Ltd has gradually improved its operation and reached near to the pre-covid levels in last two months. Sale of fibre and yarn during December 2020 has increased by 19 per cent to around Rs.64.02 crore as compared to Rs.53.90 crore in the corresponding period in the last month of December 2019.
The yarn produced by the company at its spinning mill has started getting good response in the markets. Sale of fibre and yarn during this quarter has increased by 25 per cent to Rs.188.17 crore as compared to Rs.149.62 crore in the corresponding period in the last quarter October-December 2019.
The company gradually increased production at both of its plants of acrylic fibre and acrylic yarn since May 2020.
The company continues to maintain leadership position in the segment of ready to use dyed yarns on the Cone inspite of Covid-19 situation and low consumer confidence.