News

Outcome of the Board Meeting held on 5th March, 2020:

1. Approval for incorporation of a new 100% Subsidiary (Wholly owned Subsidiary) of Ester Industries Limited.
2. Expansion plan of setting up a new BOPET Film Line in India under the above-stated Wholly owned Subsidiary of the Company.

Information required pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015 is as stated under –

Existing Capacity

60000 MTPA

Existing capacity utilization

100%

Proposed capacity addition

48000 MTPA in Wholly owned Subsidiary

Period within which the proposed capacity is to be added

18-24 Months

Investment required

Rs. 500 Crores

Mode of financing

Mix of internal accruals and debt

Rationale

· Full utilisation of existing BOPET Film capacity

· Growing demand for BOPET Film in Domestic and Overseas market

 

announcement year: 
Tuesday, March 17, 2020 - 11:00