Garware Hi-Tech Films Limited — Important, 07-02-2025: Capacity addition

The Board of Directors of Garware Hi-Tech Films Limited has approved plans to establish a TPU Extrusion plant in Waluj, Maharashtra, with a capital expenditure of ₹118 Crore (Cr). The project aims to build a capacity of 360 LSF per annum, with initiation scheduled for March 2025, and commercial operations expected to commence by October 2026. The payback period for this investment is estimated at 33 months, financed through internal accruals. The rationale for this strategic move includes cost-saving measures, introduction of a new value-added product portfolio, alignment with Make in India initiatives, and establishing the first TPU extrusion facility in India. This development reflects a positive outlook for the company, potentially enhancing its production capabilities and market position.