Polygenta Technologies Limited Stock

Polygenta Technologies Limited is engaged in the business of manufacturing sustainable polyester filament yarn (SPFY) by recycling post-consumer polyethylene terephthalate (PET) flakes using recycling technology, which is the ReNEW process. The Company is principally engaged in the manufacturing of synthetic or artificial yarns, tenacity yarns whether or not texturized, including high tenacity yarn. The Company sells its polyester yarn products for various applications in the fields of apparel, denim, home furnishings, floor coverings and industrial applications. The Company has a plant near Nashik in the state of Maharashtra. The Company's plant is integrated from feedstock, which uses PET bottles through to the manufacturing of SPFY and is operating at 20 to 22 tons per day capacity depending upon the product-mix. The Company's operating capacity of the plant processes is 1.5 million plastic bottles a day.