Jindal Poly Films has received formal order from High Court of Allahabad for scheme of demerger of investment division of the company into Jindal Poly Investment and Finance Company (JPIFC). The Allahabad HC has approved for the above scheme of demerger on May 16, 2013.
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. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India. Its current combined capacity of BOPET and BOPP is 337,000 tons/annum and its annual sales turnover as on March 2012 was $452 million.
