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Business Standard
a day ago
- 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.
Time of India
a day ago
- Business
- Time of India
Dhunseri group to build two more poly film units in West Bengal with Rs 1000 crore
Kolkata: Dhunseri Poly Films , a wholly-owned subsidiary of Dhunseri Ventures , plans to set up two polyester films units in West Bengal with a projected investment of Rs 1000 crore, Dhunseri group chairman Chandra Kumar Dhanuka said. The company has one existing poly film making unit in Panagarh Industrial Park in Bardhaman district, 150 km from Kolkata. It became operational in 2024. The proposed units will be set up at the same industrial park. The fresh plan includes one greenfield unit to produce BoPET (biaxially oriented polyethylene terephthalate) -- a polyester film made from stretched polyethylene terephthalate and another unit to produce BOPP (bi-axially oriented polypropylene) which is used in the packaging industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo "Capex of these two lines are likely to be financed with a 70:30 debt equity ratio and be commissioned by FY29," Dhanuka said. The units in Jammu are expected to be commissioned by March 2027, he said. Live Events
Business Standard
21-05-2025
- Business
- Business Standard
Dhunseri Ventures reports consolidated net loss of Rs 87.03 crore in the March 2025 quarter
Sales decline 44.13% to Rs 147.23 crore Net loss of Dhunseri Ventures reported to Rs 87.03 crore in the quarter ended March 2025 as against net profit of Rs 24.34 crore during the previous quarter ended March 2024. Sales declined 44.13% to Rs 147.23 crore in the quarter ended March 2025 as against Rs 263.51 crore during the previous quarter ended March 2024. For the full year,net profit declined 5.83% to Rs 144.16 crore in the year ended March 2025 as against Rs 153.08 crore during the previous year ended March 2024. Sales rose 19.07% to Rs 480.43 crore in the year ended March 2025 as against Rs 403.48 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 147.23263.51 -44 480.43403.48 19 OPM % -73.203.35 - 3.2713.31 - PBDT -100.2544.67 PL 239.62221.76 8 PBT -110.5033.85 PL 197.33193.05 2 NP -87.0324.34 PL 144.16153.08 -6
