During the latest board meeting, JPFL Films Private Limited (JPFL), a material subsidiary of the B.C. Jindal Group, announced a major development with the setup of a new BOPP (Biaxially Oriented Polypropylene) production line at its Nashik plant. This addition is set to significantly increase the plant's capacity and is expected to introduce cutting-edge technology to the market. The new line will feature advanced specifications, including superior width and output capabilities, designed to maximize efficiency and reliability. It promises to deliver high-quality products through improved equipment, streamlined processes, and the latest technological advancements, thereby enhancing overall operational performance and reliability.

The installation of this state-of-the-art BOPP line is strategically aimed at bolstering JPFL Films' market position by setting new standards in production excellence. Advanced technology will facilitate quality enhancement and ensure higher customer satisfaction through superior product consistency and performance. By integrating this high-tech line into its operations, JPFL Films will not only meet growing market demands but also solidify its competitive edge, positioning itself as a leader in the BOPP film sector.

JPFL Films Private Limited currently has an existing BOPP capacity of 294,200 tonnes per annum. The addition of the new BOPP line at the Nashik plant will significantly boost this capacity, enhancing the company's ability to meet growing market demands. This expansion is set to reinforce JPFL Films' position in the industry, leveraging advanced technology to improve production efficiency, product quality, and overall market competitiveness.

Apart from the BOPP Film film expansion, the Board has sanctioned an investment of up to Rs. 20 crores for the Energy Project. This investment will be allocated through the creation of a Special Purpose Vehicle (SPV) named AMPYR Renewable Energy Resources Twelve A Private Limited. The establishment of this SPV is intended to facilitate and manage investment in the renewable energy sector. The approval of this funding underscores the Board's commitment to advancing sustainable energy solutions and expanding the company's footprint in the renewable energy market. This strategic move aims to support and drive growth in renewable energy initiatives.

Jindal Poly Films Limited is a key subsidiary of the diversified $2 billion B.C. Jindal Group, a conglomerate with a six-decade legacy in delivering comprehensive product and service solutions. With a core focus on polyester and polypropylene films, the Group's diverse portfolio spans power generation, steel manufacturing, and other industrial segments. JPFL's manufacturing facility in Nasik, India, stands as a global benchmark in BOPET and BOPP film production, underscoring the company's position as a dominant player in the industry.