Jindal gets nod for Rs 1,000 crore global expansion
A part of the BC Jindal Group, Jindal Poly Films (JPFL) has received an approval from the board of directors on 7 November 2015 for expansion plans for its India operation and for its subsidiaries in USA and Europe. The total expected investment is approximately Rs 1,000 crore.
20 Nov 2015 | By PrintWeek India
Jindal gets nod for Rs 1,000 crore global expansion
The capacity expansion comprises of three BOPP production lines, metalisers, coating lines along with the required ancillary equipment. The combined capacity of BOPP films will increase by 161,000 TPA totaling to 606,000 TPA globally.
Jindal Poly Films has the world’s single largest plant for production of BOPET (biaxially-oriented polyethylene terephthalate) and BOPP (biaxially-oriented polypropylene) films at Nashik, Maharashtra and also has manufacturing facilities in USA, Europe and other countries. JPFL’s current global combined capacity of BOPET and BOPP is 572,000 tpa.
The new capacities are expected to be operational over the next two years.
Jindal Poly Films has reported a consolidated total income from operations of Rs 1,803.35 crore and a net profit of Rs 71.83 crore for the quarter ended Sep '15.
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