Latest news with #PankajPoddar
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
Cosmo First adds $46.56 mn BOPP film line in Aurangabad
Cosmo First, a global leader in films for packaging, lamination, labelling and synthetic paper announces the successful commissioning of new BOPP (Biaxially Oriented PolyPropylene) Film Line with Capex of Rs 400 crores+ at Company's existing manufacturing plant located at Aurangabad, Maharashtra. The new line boasts an annual rated capacity of 81,200 MT with the world's most advanced technology. With the commissioning of the new line, the Company's annual BOPP capacity will increase by approx. 40% to 2,77,000 MT. Cosmo First has commissioned a new BOPP film line at its Aurangabad plant with a Capex of ₹400+ crore (~$46.56 million), adding 81,200 MT capacity and raising total BOPP output by ~40 per cent to 2,77,000 MT. The line uses advanced tech and supports expansion in speciality films, with several new products planned. It's also cost-efficient and eligible for state incentives. Speciality sales at Cosmo First have been growing at a CAGR of 10% for the last 6 years. The new BOPP Line will support Cosmo in further expanding its product portfolio across speciality films and packaging. The Company plans to further strengthen its speciality films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters. Speaking on the development Mr Pankaj Poddar, Group CEO, Cosmo First, said, 'We expect the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state govt incentives beside being the most cost-efficient line in India. The Company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Business Upturn
4 days ago
- Business
- Business Upturn
Cosmo First commissions new BOPP Film Line at Aurangabad plant
By Aman Shukla Published on June 2, 2025, 10:12 IST Cosmo First Ltd, a global supplier of films for packaging, lamination, labelling, and synthetic paper, has successfully commissioned a new BOPP (Biaxially Oriented Polypropylene) film line at its manufacturing facility in Aurangabad, Maharashtra. The new BOPP line involves a capital expenditure of over ₹400 crore and adds an annual production capacity of 81,200 metric tonnes (MT). With this addition, Cosmo First's total annual BOPP capacity rises by approximately 40%, reaching 2,77,000 MT. This development is part of the company's strategic initiative to scale up production and meet the growing demand for speciality packaging films. Cosmo First has recorded a 10% CAGR in speciality film sales over the past six years. The expanded capacity is expected to support the launch of several new speciality products in the coming quarters. The company stated that the new line features advanced manufacturing technology, aimed at enhancing efficiency and broadening its product offerings in the speciality films and packaging segments. Pankaj Poddar, Group CEO, Cosmo First, stated, 'We expect the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state govt incentives beside being the most cost-efficient line in India. The Company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
02-05-2025
- Business
- Economic Times
Stocks in news: Eternal, Marico, Adani Enterprises, HAL, Bandhan Bank
Markets remained subdued for yet another session on Friday and ended largely flat. In today's trade, shares of Eternal, Marico, Adani Enterprises, HAL, Bandhan Bank among others will be in focus due to various news developments and fourth quarter results. ADVERTISEMENT Eternal Food delivery company Eternal (formerly Zomato) saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore. Marico, IOB Shares of Marico and Indian Overseas Bank will be in focus as the companies will announce their fourth quarter results today. Adani Enterprises Gautam Adani-led Adani Enterprises profit surged 752% year-on-year (YoY) to Rs 3,845 crore in the fourth quarter ended March 2025, due to an exceptional gain. Adani Ports Adani Ports on Thursday reported 50% growth in its consolidated net profit at Rs 3023 crore in the fourth quarter ended March 2024. Hindustan Aeronautics Advanced Light Helicopter (AHL) Dhruv Army and Air Force Versions cleared for operations on basis of recommendations of the Defect Investigation (DI) Committee. ADVERTISEMENT SBFC Finance Pankaj Poddar resigned as the chief risk officer of the Bank with effect from April 30. VM Maneesh resigned as chief operations officer of the Bank with effect from May 15. PNB Housing Carlyle group entity Quality Investment Holdings PCC is likely to sell 10.44% stake in PNB Housing via block deals. ADVERTISEMENT NBCC NBCC bagged work order worth Rs 95.66 crore from Sushma Swaraj Institute Of Foreign Service. NTPC Green NTPC Green declared 75 MW capacity out of 500 MW of Joint Venture IRCON Renewable as operational. ADVERTISEMENT Paytm Paytm arm Paytm Cloud Technologies has incorporated its arm 'Paytm Arab Payments LLC' in the United Arab Emirates. Nitco Tiles Nitco Tiles received orders worth Rs 111 crore for tiles and marble from Prestige Estates Projects. ADVERTISEMENT One MobiKwik One MobiKwik said arm Zaak ePayment received RBI authorisation to operate as online payment aggregator. Bandhan Bank Bandhan Bank reported a strong set of numbers in the March quarter as its profit soared 483% YoY to Rs 318 crore as compared to just Rs 55 crore in the year-ago period. Adani Power Adani Power reported a 4% fall in its Q4FY25 consolidated net profit to Rs 2,637 crore versus Rs 2,737 crore reported in the year ago period. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-05-2025
- Business
- Time of India
Stocks in news: Eternal, Marico, Adani Enterprises, HAL, Bandhan Bank
Markets remained subdued for yet another session on Friday and ended largely flat. In today's trade, shares of Eternal , Marico , Adani Enterprises , HAL , Bandhan Bank among others will be in focus due to various news developments and fourth quarter results. Eternal Food delivery company Eternal (formerly Zomato) saw its net profit fall by 78% year-on-year (YoY) to Rs 39 crore in the March 2025 quarter. Revenue from operations increased 64% YoY to Rs 5,833 crore. Marico, IOB Shares of Marico and Indian Overseas Bank will be in focus as the companies will announce their fourth quarter results today. Adani Enterprises Gautam Adani-led Adani Enterprises profit surged 752% year-on-year (YoY) to Rs 3,845 crore in the fourth quarter ended March 2025, due to an exceptional gain. Adani Ports Adani Ports on Thursday reported 50% growth in its consolidated net profit at Rs 3023 crore in the fourth quarter ended March 2024. Hindustan Aeronautics Advanced Light Helicopter (AHL) Dhruv Army and Air Force Versions cleared for operations on basis of recommendations of the Defect Investigation (DI) Committee. SBFC Finance Pankaj Poddar resigned as the chief risk officer of the Bank with effect from April 30. VM Maneesh resigned as chief operations officer of the Bank with effect from May 15. PNB Housing Carlyle group entity Quality Investment Holdings PCC is likely to sell 10.44% stake in PNB Housing via block deals. NBCC NBCC bagged work order worth Rs 95.66 crore from Sushma Swaraj Institute Of Foreign Service. NTPC Green NTPC Green declared 75 MW capacity out of 500 MW of Joint Venture IRCON Renewable as operational. Paytm Paytm arm Paytm Cloud Technologies has incorporated its arm 'Paytm Arab Payments LLC' in the United Arab Emirates. Nitco Tiles Nitco Tiles received orders worth Rs 111 crore for tiles and marble from Prestige Estates Projects. One MobiKwik One MobiKwik said arm Zaak ePayment received RBI authorisation to operate as online payment aggregator. Bandhan Bank Bandhan Bank reported a strong set of numbers in the March quarter as its profit soared 483% YoY to Rs 318 crore as compared to just Rs 55 crore in the year-ago period. Adani Power Adani Power reported a 4% fall in its Q4FY25 consolidated net profit to Rs 2,637 crore versus Rs 2,737 crore reported in the year ago period.
Time of India
01-05-2025
- Business
- Time of India
SBFC Finance risk officer, chief of operations step down
MUMBAI: Two key management persons - chief risk officer and chief operations officer - have resigned from SBFC Finance Company for personal reasons, the company informed exchanges. #Pahalgam Terrorist Attack Nuclear Power! How India and Pakistan's arsenals stack up Does America have a plan to capture Pakistan's nuclear weapons? Airspace blockade: India plots a flight path to skip Pakistan Pankaj Poddar , chief risk officer, tendered his resignation with immediate effect on April 30. VM Maneesh , chief operations officer, too resigned and his last working day would be May 15. Both the executives have said that they are resigning for personal reasons. The resignation of the two key executives have surprised the banking circle since it comes in less than a week of the board meeting to consider the annual results. SBFC Finance, which has a market cap of Rs 11,071 crore, has posted a 46% rise in net profit on year to Rs 345 crore in FY25. The finance company specialises in giving secured loans with ticket size of Rs 5 lakh to Rs 30 lakh to small and medium sized companies. Live Events The bank has 205 branches and asset under management of Rs 8,747 crore.
