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Polyplex Corporation to Invest ₹558 Crore in New BOPET Film Plant

Synopsis:

Polyplex Corporation plans to invest ₹558 crore in a new BOPET film plant, boosting production by 52,400 MTPA. Operations will start in FY2027-28. Polyplex Corporation share price closed at ₹1,355, down 3.58%.

Polyplex Corporation news today

Polyplex Corporation Limited will invest ₹558 crore to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) film manufacturing plant in India. The plant, designed to enhance production capacity by 52,400 metric tonnes per annum (MTPA), will cater to the growing demand for high-performance polyester films across multiple industries. The company aims to strengthen its position in the specialty films market with this expansion.

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POLYPLEX CORPORATION LTD

Trade

1233.5-42.50 (-3.33 %)

Updated - 25 April 2025
1276.00day high
DAY HIGH
1203.30day low
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76796
VOLUME (BSE)

Key takeaways

  • Investment Amount: ₹558 crore (approx. $65 million).

  • Production Capacity: 52,400 MTPA of BOPET films.

  • Expected Operations Start: FY2027-28 (first half).

  • Funding Source: Debt and internal accruals.

  • Current Production Capacity: 90,000 MTPA of BOPET and BOPP films combined.

  • Polyplex Corporation share price: Closed at ₹1,355, down 3.58%.

Also read: Surya Roshni Secures ₹81.47 Crore Order from BPCL for CGD Project

Growing demand for BOPET films

BOPET films are widely used in industries such as food packaging, electrical insulation, and industrial laminates due to their superior strength, transparency, and barrier properties. Polyplex Corporation’s new plant will help meet the increasing market demand for these versatile films, particularly in the flexible packaging sector.

Details

Key Data

Investment Amount

₹558 crore (approx. $65 million)

Production Capacity Increase

52,400 MTPA

Expected Start Date

FY2027-28 (first half)

Current Capacity (BOPET & BOPP)

90,000 MTPA

Market impact of the announcement

Despite the strategic investment, Polyplex Corporation share price fell by 3.58%, closing at ₹1,355 on January 9, reflecting cautious market sentiment. The new plant is expected to support long-term growth and boost the company’s competitive edge in the global specialty films segment.

The expansion marks a significant step for Polyplex Corporation as it aligns its production capacity with growing industry needs, solidifying its leadership in high-performance films.

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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