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Pasupati Acrylon (PAL), promoted by Mukesh Jain, has established an acrylic fibre plant at Thakurdwara, UP, in technical collaboration with SNIA-BPD (of the Fiat group), Italy, which has supplied the technology to produce acrylic fibre by the continuous wet process. The project, with an installed capacity of 15,000 tpa, commenced production in Nov. '90. After the de-bottlenecking scheme, the installed capacity rose to 18,000 tpa in Jul. '93. The company has installed an additional thermo-stretching line to produce more value-added high-shrinkage fibres. The acrylic fibres find application in woollen knitwear, hand-knitting yarn, woollen and worsted fabrics, blankets, carpets, sportswear, etc. It went public with a rights offer in Oct.