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Jindal Poly Films gets nod for expansion plans

14 Feb 2020 Evaluate

Jindal Poly Films has received its board’s approval for expansion plans by way of investment of Rs 700 crore in Polyester Film Line - I and Biaxially Oriented Polypropylene (BOPP) Film Line - 9. The Board of Directors of the company in its meeting held on February 13, 2020 has considered and approved 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 569.25
Welspun Living 224.50
Arvind 556.70
Raymond Lifestyle 690.80
K.P.R. Mill 1133.10
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