/ Jindal Poly Films Plans To Invest Rs 350 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 7 March 2017

Jindal Poly Films on March 6 announced that the board of directors of the company have considered and approved expansion plans by the way of investment of Rs 350 crore. The investment will be used for Polyester Line H, (PET). B.C.P. plant for manufacturing of polyester chips, utilised to manufacture BOPET Film, and for internal consumption.

Soon after the commencement of the line, the combined capacity of BOPET films will be 1,82,000 TPA. Jindal Poly Films on Monday closed at Rs 323 per share, up by Rs 1 per share or 0.3%, on the NSE. The stock has delivered negative returns of 22.6% in a period of one year, underperforming the BSE Small-cap index and the Nifty Commodities index over the same time span.

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