Cosmo Films is expanding its operations by creating the world’s largest BOPP film production line at Aurangabad with an annual rated capacity of 67,000 MT.
The BOPP line will require investment of about Rs.350 crores (approx. £35million) to be funded through internal accruals and debts and is expected to be commencing commercial production within FY 2024-25.
Backed by strong financial performance, the company has also declared first interim dividend of Rs 25 (£0.25p) per share for FY2021-22.
Pankaj Poddar, CEO, Cosmo Films, said, ‘With current capacity expected to produce primarily speciality films (80%+) in next two years and projected BOPP film demand growth in India, the Company planned capacity expansion which will be world’s largest production line with annual rated capacity of 67,000 MT with lowest cost of production.’
