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Dhunseri Group to set up Rs 1,250 cr poly film factory at Panagarh

Wednesday, 01 Sep 2021
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Kolkata-based Dhunseri Group is setting up a manufacturing unit for production of flexible packaging films at an estimated investment of Rs 1,250 crore.

The project will be implemented by Dhunseri Poly Films, a wholly-owned subsidiary of Dhunseri Ventures. The expected annual production is 45,000 tpa in the first year of operation with a target of producing 1,60,000 tpa by 2026-27.

The plant will manufacture polyester films which will cater to packaging materials used in food, cosmetics, personal care and pharmaceuticals.

The plant, which is spread over 38 acre, is coming up in the Panagarh Industrial Park of the West Bengal Industrial Development Corporation (WBIDC). The initial investment on the project will be Rs 400 crore in Phase-1. The funding will be a mix of internal accruals and debt.

The potential investment comprises development, construction and operation of production plants and potentially other downstream products.

The unit is expected to commence commercial operations by March 2023. The plant will initially provide employment opportunities for over 200 people directly. After completion, this project will generate approximately 500-plus direct and 1,000-plus indirect employment.

The products will be sold in domestic and international markets. The company has set a target of 15 percent export to Europe and African countries.

The first unit will be a downstream unit of Dhunseri’s existing Haldia plant where it makes polyethylene terephthalate (PET) resins. It will be zero liquid discharge plant with ETP and STP proposed.

The second and third units will produce BOPP films with a rated capacity of 1,34,000 tonne and estimated production of 1,15,000 tonne. The raw material for BOPP line will be sourced from IOCL Paradip plant (Odisha).

Dhunseri Group is also creating one of the largest table tennis academy at New Town, Kolkata. The 45,000 sq ft academy will have 27 tables under one roof. It will also have a residential accommodation, multi-purpose activity room, a cafeteria, among other facilities.

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