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News18
24-07-2025
- Business
- News18
Dhunseri topline to grow 5-fold to Rs 2,500 crore by FY30: Chairman
Kolkata, Jul 24 (PTI) City-based packaging film major Dhunseri Ventures Ltd expects its consolidated topline to grow nearly five-fold to around Rs 2,500 crore by FY30 from Rs 528 crore in FY24, driven by aggressive brownfield and greenfield expansions in its packaging films business, a top company official said on Thursday. The company's Rs 1,240-crore greenfield packaging film project in Jammu's Kathua district is progressing as per schedule after overcoming temporary disruptions caused by geopolitical factors, Dhunseri chairman C K Dhanuka told PTI. 'The revenue will grow to Rs 1,400 crore by FY27 once the brownfield expansion at Panagarh in West Bengal is completed. By FY28, we expect it to reach Rs 2,000 crore, and by FY30, with the full Jammu project operational, the topline should touch Rs 2,500 crore," he said. Dhunseri Poly Films Pvt Ltd (DPFPL), a wholly-owned subsidiary, is investing Rs 1,240 crore in the Jammu project to set up two BOPP (biaxially oriented polypropylene) lines with a combined capacity of 1.28 lakh tonnes per annum. The first line is expected to be operational between April and June 2026, while the second will begin by the first quarter of FY27. The Kathua project, which broke ground in June 2025, is also expected to generate employment in the region. In West Bengal, the company is investing another Rs 1,000 crore in its Panagarh facility to add a 61,000 tonne per annum BOPET (biaxially oriented polyethylene terephthalate) line and a 95,000 tonne per annum BOPP line, both targeted for commissioning by 2029. Currently, DPFPL operates a 51,000 tonne per annum BOPET line at Panagarh, catering to domestic demand with a focus on Eastern India, while also expanding exports. The brownfield expansion will add another one lakh tonne, taking the company's total installed capacity to 2.5 lakh tonnes across locations, Dhanuka said. 'DPFPL has already started exporting its products successfully to various countries, including those in the neighbourhood, and aims to further grow its export footprint," he added. PTI BSM RG view comments First Published: July 24, 2025, 10:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
17-07-2025
- Business
- Time of India
B'desh tea board introduces minimum protection price
1 2 Kolkata: Bangladesh Tea Board has introduced a minimum protection price to support struggling tea gardens. Though this has been a long-time demand of the Indian tea industry, the Tea Board here is yet to implement it. A circular issued by Bangladesh Tea Board in May directed all auction centres to strictly follow the minimum protection price model. Incidentally, the concept of sustainable price was first mooted by senior planter and former Indian Tea Association chairman C K Dhanuka. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Many tea growers in Assam and north Bengal have been pushed into the red as prices in most cases fail to meet the cost of production. Dhanuka said though Tea Board of India was reluctant initially, it may now be willing to take a relook at his proposals. CISTA president Bijoy Gopal Chakraborty said a minimum floor price has been a long-time demand of small tea growers in north Bengal, as leaves are now being sold at a price lower than the cost. Small tea growers contribute 65% of Bengal's production.
Time of India
19-06-2025
- Business
- Time of India
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.
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Business Standard
19-06-2025
- Business
- Business Standard
Dhunseri to invest ₹2,240 crore to expand plastic film capacity by 2029
Kolkata-based Dhunseri Group is planning to invest around ₹2,240 crore in expanding its plastic packaging material capacity through a mix of greenfield and brownfield projects by 2029. At Panagarh in West Bengal, where it already operates an existing unit, Dhunseri Poly Films Private Limited—a 100 per cent subsidiary of Dhunseri Ventures—is looking to set up at least two additional lines: a BOPET (biaxially oriented polyethylene terephthalate) line and a BOPP (biaxially oriented polypropylene) line. The investment for this project is estimated at ₹1,000 crore, and the lines are expected to be operational by 2029. C K Dhanuka, chairman of the Dhunseri Group, said that the Panagarh expansion proposal would be tabled at the next board meeting for approval. The capital expenditure is expected to be funded through a debt-equity ratio of 70:30. At Kathua in Jammu, the foundation stone for two BOPP plants was laid on 8 June. These lines are targeted for commissioning by March 2027. With the additional lines at Panagarh and the proposed facility in Jammu, Dhunseri Poly Films' installed capacity by 2029 will reach approximately 120,000 tonnes for BOPET films and 210,000 tonnes for BOPP films. Currently, the company has an installed capacity of about 51,200 tonnes of BOPET films at Panagarh. The group also has business interests in the downstream petrochemical and tea sectors. Dhunseri Ventures, the holding company of the group, holds a 50:50 joint venture with Indorama Group engaged in PET manufacturing in India (at Haldia and Karnal) and in Egypt.
India Gazette
08-06-2025
- Business
- India Gazette
J-K: LG Sinha inaugurates Rs 1,240 cr industrial unit, accuses Pak of trying to destabilise economy
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday launched a scathing attack on Pakistan, accusing the neighboring country of attempting to 'destabilise Jammu and Kashmir's economy, divide people on religious lines, and damage its tourism sector,' even as he laid the foundation stone of a Rs 1,240 crore industrial unit in Kathua. 'After Operation Sindoor, India has shown the strength of its armed forces. But Pakistan continues its conspiracies to disrupt J&K's development,' Sinha said while inaugurating Dhunseri Poly Films Pvt Ltd at Dhanseri. 'Their plans have failed, and this massive industrial investment is proof,' he added. The LG's remarks came shortly after Prime Minister Narendra Modi flagged off the Kashmir-Kanyakumari rail link. 'Our PM rightly exposed Pakistan's failed attempts to halt J&K's progress. Look at the investor enthusiasm - it shows they have lost this battle,' Sinha said. The new unit, expected to create over 1,000 jobs, signals Kathua's emergence as an industrial hub. 'Despite Pakistan's designs, industries are lining up to invest here. Kathua is becoming a preferred destination,' he said. Divisional Commissioner Romesh Kumar and Dhunseri Group Chairman CK Dhanuka were present at the event. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. CK Dhanuka, Chairman of the Dhunseri group, told ANI, 'We have decided to set up this plant here in J&K as part of our commitment to give something to the country and to the local people of J&K. This project will give us mental satisfaction. We expect that the entire process of setting up the plant here will be smooth without hurdles.' Arun Kumar Manhas, Director Industries and Commerce, Jammu, told ANI that this Dhunseri unit will boost the local industry. 'This Dhunseri unit will provide a domino effect to the district and the region. I am sure this plant will contribute to Jammu and Kashmir's industrial success story,' Manhas said. (ANI)
