Jintal Cotex arm begins operating at full production.

Jindal Speciality Textile Ltd. (JSTL), a 100 per cent subsidiary of Jindal Cotex, has started operating at full production, Jindal Cotex said in an exchange filing.

The company said that the subsidiary proposed to achieve an additional annual sales turnover of Rs. 190-200 crore with full capacity utilisation and would yield an operating profit (EBITDA margin) of Rs. 20-25 crore to Jindal Cotex.

JSTL produces laminated and coated textile products such as PVC films and other advertisement materials. It is used for making boats for recreation and Army application.The annual capacity of the plant is 20,000 TPA.

HBL