Latest news with #DhunseriPolyFilms
Yahoo
2 hours ago
- Business
- Yahoo
India's Dhunseri Group to expand packaging films business
India-based Dhunseri Group is set to invest over Rs22bn ($254.4m) by the financial year 2028-29 to enhance its flexible packaging films business through both greenfield and brownfield projects, says Business Standard. The investment aims to expand production capacity and cater to the growing market demand. For the greenfield project in Kathua, Jammu and Kashmir, the group has earmarked an investment of about Rs12.4bn. Additionally, approximately Rs10bn will be allocated for the brownfield project at Panagarh in West Bengal. These expansions are expected to be carried out by Dhunseri Poly Films (DPFPL), a wholly-owned subsidiary of Dhunseri Ventures. Dhunseri Poly Films will expand its operations at Panagarh by installing at least two new production lines, one for biaxially oriented polyethylene terephthalate and another for biaxially oriented polypropylene (BOPP). The company already operates a unit at Panagarh. The capital expenditure for the new lines at the Panagarh facility is expected to be financed with a debt-equity ratio of 70:30. These lines are expected to be operational by 2029. The Panagarh plant, which commenced commercial production in December 2023, is now poised for further growth. The company will add two BOPP plants at Kathua. The commercial production from the greenfield plant at Kathua is expected to commence in 2027. Dhunseri Poly Films serves the domestic market while also exporting to Europe, Bangladesh, and Nepal, with these regions being the major overseas markets. For the financial year 2025, Dhunseri Ventures reported a net profit of Rs142.9bn and a revenue of Rs480.4bn, indicating a strong financial position to support the planned investments. "India's Dhunseri Group to expand packaging films business" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
2 days ago
- Business
- Time of India
Dhunseri group to build two more poly film units in West Bengal with Rs 1000 crore
Kolkata: Dhunseri Poly Films , a wholly-owned subsidiary of Dhunseri Ventures , plans to set up two polyester films units in West Bengal with a projected investment of Rs 1000 crore, Dhunseri group chairman Chandra Kumar Dhanuka said. The company has one existing poly film making unit in Panagarh Industrial Park in Bardhaman district, 150 km from Kolkata. It became operational in 2024. The proposed units will be set up at the same industrial park. The fresh plan includes one greenfield unit to produce BoPET (biaxially oriented polyethylene terephthalate) -- a polyester film made from stretched polyethylene terephthalate and another unit to produce BOPP (bi-axially oriented polypropylene) which is used in the packaging industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo "Capex of these two lines are likely to be financed with a 70:30 debt equity ratio and be commissioned by FY29," Dhanuka said. The units in Jammu are expected to be commissioned by March 2027, he said. Live Events
