Jindal Poly Films to expand Nashik plant
PM News Bureau
Jindal Poly Films, India's largest manufacturer of flexible packaging films, is planning expansion of its manufacturing capacity at Khanvel and Nashik plants. The company will set up 8.7 metre wide BOPET film line (Khanvel), 8.2 metre wide BOPP film line (Khanvel), 5th and 6th metallising line (Khanvel), two coating lines for PVDC, acrylic and LTS coated films (Nashik) and a polycondensation plant (Nashik). This is in addition to its ongoing expansion plan. The total cost of the plan is around Rs 650 crore (out of which the new expansion plan will cost Rs 420 crore).
Land for the expansion projects is available at Khanvel and Nashik. Civil construction work for these projects is yet to start. The company is negotiating with suppliers for finalising supply contracts. Discussions are on with suppliers including Applied Films, Dornier, Bruckner and Kampf of Germany.
The project for two coating lines for PVDC, acrylic and LTS coated films is expected to be completed by March 2006. The rest is scheduled for completion in September 2006. Part of the funds required for the project, about Rs 300 crore, will be met through a public issue. The company has already negotiated for Rs 243 crore debt. The Rest of the funds will be financed through internal accruals and fresh debts.
Contact: Jindal Poly Films Ltd, 19th K.M., Hapur-Bulandshahr Road, P.O. Gulaothi, Bulandshahr District, Uttar Pradesh. Tel: 0122-2333287; Fax: 0122-2333344
[18 April 2005]