13-05-2025
Jindal Poly Films to invest Rs 700 crore for expansion at its Nashik facility
Nashik: JPFL Films Private Limited, a division of
Jindal Poly Films
Limited specialising in
flexible packaging
, has revealed plans to enhance its production capabilities by installing new biaxially oriented polypropylene (BOPP), PET, and CPP lines at its Nashik company has allocated Rs 700 crore for the new production lines, which are scheduled to begin operations within two to three years.
The expansion details were officially disclosed through a statement to the Bombay Stock production enhancement supplements the ongoing BOPP Line (Line 9) project announced in Aug 2024. The initiative forms part of the organisation's flexible packaging strategy and supports its objective to expand market presence amid sector-wide pricing challenges caused by demand-supply company's decision follows a 43% increase in net operational revenue during the initial nine months of the 2024-25 financial year. According to the press release, this expansion aims to sustain their market dominance despite current business packaging sector maintains its position as a profitable industry, serving essential markets including food and beverage, personal care, and pharmaceutical sectors. Currently, the company produces 2.9 lakh tonnes of BOPP annually. The expansion will add 42,000 tonnes to the yearly
BOPP production
. PET production, currently at 1.7 lakh tonnes per annum, will increase by 55,000 tonnes yearly after the expansion. The current CPP production capacity stands at 33,600 tonnes annually. Following the installation of the new production line, CPP manufacturing capacity will grow by an additional 18,000 tonnes per year.
