Announced Wed, 15 Jul · 21:24 IST
Board approves sub-lease to add 5,040 MT capacity
Capex & Operations View source PDF
KNACK · price
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Price reaction · full curve 14 horizons · vs prior close
-5.4%1-day move
₹202.32
prior close
₹205.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.6-2.5-2.4-5.4-7.0-4.0-6.1-4.4-2.6————
Up moveDown movePending
AI summary
Board approved taking on sub-lease of factory land, building and plant and machinery from Dayana Polyplast in Gandhinagar. This adds 5,040 MT per annum capacity on top of existing 43,300 MT, where current utilization is already 81.63 percent. No major capital outlay is needed, only lease rentals and refurbishment expenses, funded through internal accruals and working capital. Move aims to meet rising customer demand and support future growth.
Likely market impact
Boosts capacity by about 11.6 percent with no major capex, leveraging high existing utilization of over 81 percent.