Board approves Rs 190 crore Phase I expansion at Panagarh

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AI summary

On 29 October 2025, the board approved Phase I expansion of a BOPET line at the Panagarh plant of wholly owned subsidiary Dhunseri Poly Films. The parent may inject up to Rs 190 crore as equity, from time to time, as funds are needed. The project is expected to take two years from groundbreaking, with Phase II BOPP expansion planned.

Likely market impact

The expansion may support future growth, but up to Rs 190 crore in funding increases the group's cash needs and execution risk.