Filatex India, among the country’s largest polyester yarn manufacturers, will steer its next phase of growth through recycling and renewable energy while navigating trade uncertainties and policy hurdles.

Chairman and MD Madhu Sudhan Bhageria announced a 75-tonne-per-day polyester recycling plant, costing about Rs 300 crore, to be commissioned by August-September 2026. “We have developed and patented a technology to recycle textile waste into chips, which can then be spun into yarn. This is the solution the world is looking for,” he said. The project, expected to generate Rs 275 crore annually, will serve as a pilot before Filatex replicates the model globally.

Parallelly, capacity expansion of 130-150 tonne is planned, alongside renewable energy initiatives. From January, over half of power needs will be met through a captive project in which Filatex holds 26 percent equity. “This will not only cut power costs but also strengthen our sustainability profile,” Bhageria noted. Overall capex is pegged at Rs 650 crore, with returns visible by FY27. Polyester now makes up nearly 70 percent of global fibre consumption.