11 hours ago
Dhunseri to invest Rs 1k cr in Panagarh for 2 production lines
Kolkata: Dhunseri Group will invest Rs 1,000 crore in Panagarh, through Dhunseri Polyfilms. Group chairman CK Dhanuka said the company was planning to set up at least two more lines in Panagarh: its first BOPET (Biaxially Oriented Polyethylene Terephthalate) and a BOPP (Biaxially Oriented Polypropylene).
The films produced by these lines are mainly used for food and non-food packaging. Dhunseri already has a BOPP production line in Panagarh.
Both these lines are expected to be online by 2029, said Dhanuka. The expansion will be put up in the next board meeting for approval by Aug. The capital expenditure on these two lines is expected to be financed with a debt-to-equity ratio of 70:30. "The lines are expected to be commissioned by March 2027.
With the fresh expansion plan, DPFPL's installed capacity by the end of 2029 will be about 120,000 tonne for BOPET films and 210,000 tonne for BOPP films," added Dhanuka.
Dhunseri has its Panagarh plant at WBIDC industrial park. It also conducted a stone-laying ceremony for two BOPP plants in Jammu's Kathua earlier this month. The company also has a PET resin plant in Haldia through a joint venture with the Indo Rama Group. The JV also has plants in Egypt and Panipat.
