Latest news with #DhunseriGroup
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.
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.
&w=3840&q=100)
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.
