Outcome of Board Meeting - Addition in capacity
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ecoplast Ltd's board has approved adding a new extrusion film plant with 1800 MT per annum capacity (by June 2026) and a coating plant with 1680 MT per annum capacity (by December 2026). The company's existing extrusion capacity of 5760 MT is already running at full 100% utilization, while SPF capacity of 4080 MT is at 80% utilization, indicating strong demand. The total project investment is Rs. 12.75 crore, to be funded through a mix of internal accruals and borrowings. The expansion is driven by the need to meet growing business requirements.
Positive signal for existing shareholders as the company is expanding on the back of high capacity utilization. The Rs 12.75 crore capex is moderate and partly debt-funded, which may add some leverage but should support future revenue growth once the new plants are operational.