Nahar Poly Films Gears Up for Major Capacity Boost

Hey there, finance enthusiasts! 👋 Big news from the manufacturing sector: Nahar Poly Films Limited (NAHARPOLY) is set to significantly ramp up its production capabilities. The company’s board has given the green light to a major expansion plan that will see a brand-new production line come online.

So, what’s the scoop? Nahar Poly Films is adding a third line for BOPP (Biaxially Oriented Polypropylene) films. This isn’t just a small tweak; it’s a substantial boost, adding an impressive 36,000 metric tons (MT) per annum to their existing capacity of 60,000 MT, which is currently running at full utilization. Imagine that – nearly doubling their output potential! 📈

This ambitious project comes with an estimated price tag of ₹450 Crores. How are they funding this? Through a smart mix of term loans from banks and their own internal accruals. Sounds like a solid financial strategy!

Now, you might be wondering, why now? 🤔 The company’s rationale makes perfect sense. With the booming e-commerce sector, increased consumer awareness, a healthier economic environment, and more disposable income in people’s pockets, there’s a growing appetite for packaged goods. And what do packaged goods need? You guessed it – reliable, protective packaging, often made from BOPP films! This surge in demand has created a fantastic opportunity for Nahar Poly Films to not only meet market needs but also to reap the benefits of economies of scale.

This new line is expected to be operational within the next 2-3 years, so it’s a forward-looking move designed to secure their position in a growing market. It’s exciting to see companies invest in growth to meet evolving consumer demands! Keep an eye on Nahar Poly Films as they embark on this significant expansion journey. ✨

source: Corporate Announcement

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