Investment12 May 2025, 10:02 pm
Jindal Poly Films to Invest INR 700 Crore in Capacity Expansion
AI Summary
Jindal Poly Films Ltd. has announced a capacity expansion with new BOPP, PET and CPP lines in Nashik, Maharashtra. The new lines, expected to be commissioned in next 2-3 years, will see a capex commitment of above INR 700 Crore. This expansion is in line with the company’s aim to increase market share amidst challenging demand-supply imbalances leading to ongoing pricing pressures in the sector.
Key Highlights
- Capex of above INR 700 Crore for capacity expansion
- New BOPP, PET and CPP lines in Nashik, Maharashtra
- Expected to be commissioned in next 2-3 years
- In line with the company’s aim to increase market share
- Part of the company’s strategic play in the flexible packaging segment