India markets close in 5 hours 2 minutes
  • BSE SENSEX

    52,405.80
    -96.18 (-0.18%)
     
  • Nifty 50

    15,738.20
    -29.35 (-0.19%)
     
  • USD/INR

    73.6600
    +0.3100 (+0.42%)
     
  • Dow

    34,033.67
    -265.63 (-0.77%)
     
  • Nasdaq

    14,039.68
    -33.22 (-0.24%)
     
  • BTC-INR

    2,861,071.25
    -107,466.25 (-3.62%)
     
  • CMC Crypto 200

    965.78
    -26.69 (-2.69%)
     
  • Hang Seng

    28,516.97
    +80.13 (+0.28%)
     
  • Nikkei

    28,959.25
    -331.76 (-1.13%)
     
  • EUR/INR

    88.4024
    -0.5756 (-0.65%)
     
  • GBP/INR

    103.1201
    -0.1559 (-0.15%)
     
  • AED/INR

    19.9990
    +0.0730 (+0.37%)
     
  • INR/JPY

    1.5000
    +0.0024 (+0.16%)
     
  • SGD/INR

    55.1150
    -0.1530 (-0.28%)
     

Max Speciality Films to invest up to Rs 50 cr to set up new CPP Line

·1-min read

New Delhi, May 15 (PTI) Max Speciality Films Ltd (MSFL) on Saturday said it will invest Rs 50 crore to expand its capacity. MSFL, which manufactures specialty packaging films, will be investing into a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum), said a statement.

Work on this new line, which will be funded through internal accruals, will commence in Q2/FY22 and expected to be commercialised in Q2/FY23, it added.

From the onset of FY21, MSFL has witnessed robust demand for its packaging films which have continued to improve quarter on quarter leading to strong revenue and profitability growth.

“This demand is led by increasing preference of customers for packaged products as hygiene and safety has taken over priority during this pandemic,” it added. PTI KRH MR MR

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting