Board approves sub-lease of factory and plant to add 5,040 MT capacity

Knack Packaging board approved taking sub-lease of factory land and building at Hajipur, Gandhinagar, plus lease of plant and machineries from Dayana Polyplast. This will add 5,040 MT per annum capacity on top of existing 43,300 MT, taking total to about 48,340 MT. Existing capacity utilization is 81.63 percent. No capital expenditure on land, building or machinery is required, only lease rentals, security deposit and refurbishment costs. Funded by internal accruals and working capital.