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Jindal Poly Films gets nod to invest Rs 225 crore in PET

15 Feb 2018 Evaluate

Jindal Poly Films has received an approval for expansion plans for its Indian operation by way of investment of Rs 225 crore in Polyester Line -1, (PET). The board of directors at its meeting held on February 14, 2018 has approved for the same.

Further, the above said expansion plan is in addition to ongoing expansion plan - Polyester Line-H, (PET), and C P Plant for manufacturing of Polyester Chips.

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 565.20
Welspun Living 221.45
Arvind 569.60
Raymond Lifestyle 699.50
K.P.R. Mill 1133.55
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