Latest news with #Dhunseri
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.
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)
India Gazette
08-06-2025
- Business
- India Gazette
Dhunseri Poly Films breaks ground for Rs 1,240 crore plant in J-K
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday laid the foundation stone for an industrial unit of Dhunseri Poly films Pvt Ltd at Kathua. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. The unit in Kathua is being established with a huge investment of Rs 1,240 crores, opening up employment opportunities for the locals. The Dhunseri polyester films unit will be developed in two phases, the LG said in his address. The Lieutenant Governor said enthusiasm of private sector investors is very high in Jammu and Kashmir even as Pakistan tries to disturb the environment. 'Kathua district is one of the best places for investors to put money. With these kinds of investments, new employment opportunities will emerge for the local youth,' the LG said. Referring to the recent inauguration of the Chenab River Bridge, the LG alluded to the importance the government attaches to the Jammu and Kashmir region. 'Two days back, our PM flagged off a train to Kashmir and connected it with the rest of India. On the occasion, PM had said the efforts to destabilise Jammu and Kashmir and its development journey by the neighbouring country, Pakistan, have been foiled. The successful Operation Sindoor showed the power of the Indian armed forces,' the LG added. Kashmir valley got connected with the rest of India with Prime Minister Modi's inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab during his day-long visit to Jammu and Kashmir this Friday. 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)
India Gazette
08-06-2025
- Business
- India Gazette
Dhunseri Poly Films breaks ground for Rs 1,240 crore plant in J-K's Kathua
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday laid the foundation stone for an industrial unit of Dhunseri Poly films Pvt Ltd at Kathua. Incorporated on November 28, 2020, Dhunseri Poly Films Pvt Ltd is a wholly-owned subsidiary of Dhunseri Ventures, focused on manufacturing polyester films. The unit in Kathua is being established with a huge investment of Rs 1,240 crores, opening up employment opportunities for the locals. The Dhunseri polyester films unit will be developed in two phases, the LG said in his address. The Lieutenant Governor said enthusiasm of private sector investors is very high in Jammu and Kashmir even as Pakistan tries to disturb the environment. 'Kathua district is one of the best places for investors to put money. With these kinds of investments, new employment opportunities will emerge for the local youth,' the LG said. Referring to the recent inauguration of the Chenab River Bridge, the LG alluded to the importance the government attaches to the Jammu and Kashmir region. 'Two days back, our PM flagged off a train to Kashmir and connected it with the rest of India. On the occasion, PM had said the efforts to destabilise Jammu and Kashmir and its development journey by the neighbouring country, Pakistan, have been foiled. The successful Operation Sindoor showed the power of the Indian armed forces,' the LG added. Kashmir valley got connected with the rest of India with Prime Minister Modi's inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab during his day-long visit to Jammu and Kashmir this Friday. 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)
