Announced Wed, 23 Sept, 2026 · 10:23 IST
GHFL signs MoU with Lubrizol for TPU-based film solutions
GRWRHITECH · price
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+0.7%1-day move
₹6359.50
prior close
₹6254.00
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AI summary
Garware Hi-Tech Films has signed an MoU with Lubrizol, a Berkshire Hathaway specialty chemicals company, to collaborate on advanced TPU-based film solutions in India. The partnership involves an investment of about Rs 118 crore, with 25% directed to new product development. It enables backward integration into TPU films, expands PPF capacity to over 600 LSF, and targets EBITDA margin improvement of 150-200 bps. Facility expected operational by December 2026.
Likely market impact
Strategic tie-up with Lubrizol strengthens technology capabilities, expands addressable markets, and should boost PPF margins by 150-200 bps.