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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.
Yahoo
21-06-2025
- Business
- Yahoo
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.
