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Jindal Poly Films gets nod for expansion plan worth Rs 350 crore

07 Mar 2017 Evaluate

Jindal Poly Films has received an approval for expansion plans for its India operation by way of investment of Rs 350 crore in Polyester Line - H, (PET) and CP Plant for manufacturing of Polyester Chips to be used for internal consumption to manufacture BOPET Film. After commencement of Line, the combined capacity of BOPET films will be totaling to 1,82,000 TPA. The board of director at its meeting held on March 6, 2017 has approved for the same.

Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.


Peers
Company Name CMP
Vardhman Textiles 568.95
Welspun Living 222.45
Arvind 567.40
Raymond Lifestyle 708.85
K.P.R. Mill 1129.95
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