StockWatch
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Plastic Products - Industrial
Expansion14 Aug 2026, 02:28 pm

Prakash Pipes Ltd Approves ₹100 Cr Capacity Expansion in Flexible Packaging

AI Summary

Prakash Pipes Ltd announced a significant capacity expansion for its Flexible Packaging Division in Kashipur, involving a capital expenditure of approximately ₹100 Crores. This strategic move aims to bolster its presence in the flexible packaging market. The company also reported its unaudited financial results for the quarter ended June 30, 2026, showing a net profit of ₹1,642 Lakhs. Additionally, the Board of Directors approved the appointment of new Senior Management Personnel, including Shri Anil Agarwal as President (Flexible Packaging). The expansion details are in line with SEBI regulations.

Key Highlights

  • Company approves ₹100 Cr capex for flexible packaging division expansion.
  • Expansion to take place at the Kashipur facility.
  • Unaudited Q1 FY27 net profit stands at ₹1,642 Lakhs.
  • New Senior Management Personnel appointed.
  • Flexible Packaging segment revenue grew significantly YoY.