Spread over 50 acres, the 48,000 MTPA unit has been set up at an approximate cost of Rs. 650 crore (including margin money for working capital and GST accumulation). The plant is expected to generate revenues worth approximately Rs.600 crore upon achieving optimal utilization.
Commenting on the development, Mr. Arvind Singhania, Chairman, Ester Industries said “The commissioning of the new unit takes us one step closer in our journey towards transforming Ester into a leading local and global BOPET film manufacturer by offering best-in-class innovative and sustainable products. The new unit provides us the requisite scale and capabilities to help meet the growing BOPET market both in India and overseas offering a range of standard and value added products”