Board approves about Rs 105 cr capex for FIBC expansion and new non-woven plant
KANPRPLA · price
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Board approved about Rs 105.26 crore total capex. Rs 47.22 crore covers new FIBC building at Gajner Road, modern roll storage system, and trading division warehouse. Existing FIBC capacity is 18,000 MT at 82 percent utilisation; new unit will add 6,000 MT over five years. Rs 58.04 crore is for a greenfield non-woven fabrics plant using needle-punching tech, entering automotive, footwear, agriculture, and geo-textile segments. Funding mix of internal accruals and term loans.
Positive growth signal with capacity addition and new product line, but about Rs 105 cr capex is sizeable and short-term margin pressure possible.