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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
VTI Is a Great Choice for Most, but I Like EQAL ETF Even Better
The Vanguard Total Stock Market ETF is the most popular fund in the entire market. Its weighted nature means that the largest companies have an enormous influence on its performance. An equal-weight ETF could be the better choice given the market's current top-heavy state. 10 stocks we like better than Invesco Exchange-Traded Fund Trust II - Invesco Russell 1000 Equal Weight ETF › The Vanguard Total Stock Market ETF (NYSEMKT: VTI) is one of the largest investment funds in the entire world. Including its mutual fund variant, investors have $1.8 trillion of assets invested in this Vanguard index fund. In a nutshell, this fund is designed to provide exposure to the entire U.S. market, as the name implies. Its portfolio of about 3,500 companies includes large-, mid-, and small-cap stocks. Like most Vanguard products, it's a low-cost investment vehicle. The Vanguard Total Stock Market ETF has an expense ratio of just 0.03%, which means that for every $10,000 in assets you hold in it, your annual investment fees are just $3. Those minuscule costs will have a beneficial impact on your investment's returns over time. However, I prefer to take a somewhat different approach to getting broad market exposure. As such, there's one specific ETF that I would recommend looking into as a substitute for the Vanguard Total Stock Market ETF in your portfolio. The Invesco Russell 1000 Equal Weight ETF (NYSEMKT: EQAL) holds all 1,000 stocks in the Russell 1000 index, but in roughly equal proportions. Of course, market fluctuations over time will alter that somewhat, but once every quarter, the fund's managers rebalance it so that 0.1% of the fund's assets are invested in each of the 1,000 stocks in the portfolio. If you aren't familiar, the Russell 1000 is a large- and mid-cap index. The Russell 3000 is considered a total stock market index, while the Russell 2000 -- containing the bottom 2,000 stocks of the Russell 3000 -- is perhaps the best-known index of small-cap stocks. The Russell 1000 includes the largest 1,000 stocks in the Russell 3000. In short, it includes a broader range of companies than the S&P 500, but it doesn't offer small-cap exposure. What it does is allow you to invest in 1,000 companies without risking too much of your money on the performance of any single one. In other words, a megacap giant like Nvidia (NASDAQ: NVDA) or Apple (NASDAQ: AAPL) will account for about the same piece of the ETF pie as a relatively much smaller company like Ciena (NYSE: CIEN) or Lumentum Holdings (NASDAQ: LITE). The Invesco Russell 1000 Equal Weight ETF has a 0.20% expense ratio, which is significantly more than the Vanguard Total Stock Market ETF, but it is still on the lower end of the fee range for a more specialized ETF. To be perfectly clear, there's absolutely nothing wrong with investing in the Vanguard Total Stock Market ETF if you're looking for a low-cost, set-it-and-forget-it investment vehicle that is likely to deliver strong performance over long periods of time. Having said that, my biggest problem with it is that it's a weighted index fund (meaning that larger companies make up a proportionally larger share of its holdings), and the stock market has become increasingly top-heavy in recent years. For example, even though there are 3,555 stocks in the Total Stock Market ETF, more than 6% of its assets are invested in Microsoft (NASDAQ: MSFT) alone. In fact, the fund's top 42 stock holdings account for half of the invested assets. Think of it this way. This "Total Stock Market ETF" has just as much money invested in the 42 largest companies as it does in the remaining 3,513 combined. In a nutshell, I don't necessarily love that a passive index fund is so dependent on the performances of relatively few companies. The equal-weight ETF might not include the smallest companies in the market, but it provides broad exposure to the stock market without being too reliant for its returns on any single company. Before you buy stock in Invesco Exchange-Traded Fund Trust II - Invesco Russell 1000 Equal Weight ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Invesco Exchange-Traded Fund Trust II - Invesco Russell 1000 Equal Weight ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, Nvidia, and Vanguard Total Stock Market ETF. The Motley Fool recommends Lumentum and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. VTI Is a Great Choice for Most, but I Like EQAL ETF Even Better was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30 minutes ago
- Yahoo
The so-called SPAC king prepares to launch another: ‘The last time wasn't a success by any means'
The so-called SPAC king, who created a dozen special-purpose acquisition companies that ultimately lost investors billions of dollars, says he's probably getting back in the business. Chamath Palihapitiya, a venture capitalist and co-host of the popular podcast 'All-In,' responded to a social-media poll with more than 50,000 responses whose result overwhelmingly indicated he should not launch another SPAC by saying he'll ignore that finding. Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. Why the biggest-ever 'triple witching' options expiration could deliver a jolt to Friday's trading 'I'm at my wit's end': My niece paid off her husband's credit card but fell behind on her taxes. How can I help her? 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? Why the stock market will be performing a high-wire act over the summer, according to UBS Saying he received calls from many Wall Street and crypto 'titans' indicating that they wanted him to launch a SPAC, he declared on the social-media platform X: 'I will probably do it.' Special-purpose acquisition companies are publicly traded shell companies formed with the purpose of acquiring or merging with a private company to take it public. It's a way to sidestep the expenses and regulatory work of going public through a traditional initial public offering. They are also called blank-check companies. Palihapitiya was not deterred, in the slightest, by his previous performance. 'Maybe this time it will go better? Who knows. The risks are clear, though. The last time wasn't a success by any means,' he said. Data compiled by MarketWatch, using FactSet figures, underscore that. None of his SPACs outperformed the S&P 500 SPX since their first day of trade, and most have struggled or outright failed. Company Ticker Performance since launch Virgin Galactic SPCE -98.50% OpenDoor Technologies OPEN -94.60% Clover Health CLOV -70.90% Social Capital Hedosophia IV IPOD SoFi Technologies SOFI +46.6% Social Capital Hedosophia VI IPOF MP Materials MP +272.2% Desktop Metal Acquired -47% Metromile Acquired -79% Proterra Bankrupt -100% Latch LTCH -98.60% Sunlight Financial Bankrupt -100% Data: MarketWatch calculations/FactSet Two of his best-performing SPACs were the ones where Palihapitiya could not find a merger partner, so he returned the $10 per share to investors. Palihapitiya's renewed interest comes as Goldman Sachs GS, according to Bloomberg, has ended a three-year self-imposed ban on SPAC involvement. I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? I'm 51, earn $129K and have $165K in my 401(k). Can I afford to retire when my husband, 59, draws Social Security at 62? Tech companies lead list of double-digit gains in June for stocks in the S&P 500 Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC My mother-in-law thought the world's richest man needed Apple gift cards. How on Earth could she fall for this scam? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30 minutes ago
- Yahoo
QQQ Is a Great Choice for Most, but I Like VGT ETF Better
QQQ and VGT are growth-focused ETFs with a history of beating the market. However, VGT shines when it comes to fees and long-term performance. Over time, this ETF could help you earn hundreds of thousands of dollars more than you might with QQQ. 10 stocks we like better than Vanguard Information Technology ETF › When it comes to investing in exchange-traded funds (ETFs), there are countless options. From broad-market funds to niche, industry-specific ETFs, there's an investment for every type of portfolio. If you're looking to gain exposure to growth stocks, Invesco QQQ (NASDAQ: QQQ) is a popular choice. But there's another tech ETF I prefer over QQQ: the Vanguard Information Technology ETF (NYSEMKT: VGT). Here's how the two funds stack up in a few key areas. One of the biggest differences between these two ETFs is their level of diversification. QQQ contains 101 holdings from 10 different market sectors, though around 57% of the fund is allocated to stocks from the tech industry. The Vanguard Information Technology ETF is devoted entirely to tech stocks, with 319 holdings from all corners of the tech sector. While investing in only one industry does raise your risk, tech stocks often outperform companies from other industries. A fund's expense ratio is essentially how much you'll pay in fees to own that investment. A lower expense ratio is better, and anything over 1% is generally a red flag. QQQ has an expense ratio of 0.20%, meaning you'll pay $20 per year in fees for every $10,000 in your account. By contrast, the Vanguard fund has an expense ratio of just 0.09% -- less than half of QQQ's. While this may not seem like a major difference on the surface, if you eventually build a portfolio worth several hundred thousand dollars, even a slightly higher expense ratio could cost you hundreds or even thousands of dollars more per year in fees. There's no way to know precisely how any investment will perform over time, as past performance does not predict future returns. However, it can still be helpful to see how the two funds have compared historically. Over the past 10 years, QQQ has earned an average rate of return of 16.99% per year compared to Vanguard's 19.79% per year. That may not seem like a significant difference. But if you were to invest, say, $200 per month at each of those rates, here's roughly what you'd accumulate over time: Number of Years Total Portfolio Value: 16.99% Avg. Annual Return Total Portfolio Value: 19.79% Avg. Annual Return 20 $312,000 $437,000 25 $700,000 $1,095,000 30 $1,551,000 $2,719,000 Data source: Author's calculations via Again, there are no guarantees that either of these funds will continue performing at these rates. Historically, though, the Vanguard Information Technology ETF has a track record of outperforming QQQ by a fairly significant margin. Keep in mind, too, that while QQQ has underperformed compared to the Vanguard fund, it's still earned substantially higher returns than the market as a whole. Investors have different preferences, so what's right for you might not be ideal for someone else. Generally speaking, though, QQQ can be a better fit for those looking for greater diversification and slightly lower risk. While QQQ carries more risk than, say, an S&P 500 ETF, it's significantly more diversified than the tech-centric Vanguard Information Technology ETF. Tech stocks also tend to be hit much harder during periods of volatility, so the greater diversification you get with QQQ can make those downturns slightly less stomach-churning. On the other hand, if your primary goal is to maximize your returns, the Vanguard fund is a fantastic choice. With its higher historical returns and substantially lower expense ratio, you could potentially earn hundreds of thousands of dollars more over time. Just double-check that the rest of your portfolio is well-diversified to avoid leaning solely on one industry. Both Invesco QQQ and the Vanguard Information Technology ETF are solid investment choices, and they can be smart options for many people. By considering your personal preferences and risk tolerance, it will be easier to decide which one is best for you. Before you buy stock in Vanguard Information Technology ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vanguard Information Technology ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Katie Brockman has positions in Vanguard Information Technology ETF. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. QQQ Is a Great Choice for Most, but I Like VGT ETF Better was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
