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Chandra Kumar Dhanuka, Chairman, Dhunseri Poly Films Pvt. Ltd | Photo Credit: DEBASISH BHADURI
Diversified Dhunseri group is planning to invest over ₹2,200 crore by the financial year 2028-29 for both greenfield and brownfield projects in order to expand production capacity of the flexible packaging films business.
For the greenfield project in Jammu and Kashmir’s Kathua, the proposed investment is ₹1,240 crore, while the group will be investing around ₹1,000 crore for the brownfield project at Panagarh in West Bengal.
These projects will be implemented by Dhunseri Poly Films (DPFPL), a wholly-owned subsidiary of Dhunseri Ventures.
“Currently, we have one BOPET (biaxially oriented polyester film) line at the Panagarh plant. We are planning to set up at least two more lines there – first BOPET line and second BOPP (biaxially oriented polypropylene film) line. The expansion plan will be presented to Dhunseri Poly Films’ board in its next meeting by August for its approval,” said Chandra Kumar Dhanuka, Executive Chairman and Promoter, Dhunseri Group.
The proposed capital expenditure on these two new lines at the Panagarh plant are expected to be financed with debt-equity ratio of 70:30.
“At Panagarh, currently we have a production capacity of around 51,000 tonnes per annum (TPA). After the commissioning of the two new lines by March, 2029, the capacity will increase to around 2 lakh TPA,” Dhanuka told businessline.
The commercial production at the Panagarh plant commenced from December, 2023.
The foundation stone for the BOPP plant at Kathua, Jammu, was laid on June 8. “The commercial production from this greenfield plant is expected to start before June, 2027. Production capacity will be around 1.28 lakh TPA. We are setting up the plant in Jammu and Kashmir because we will be getting a big incentive over 10 years. It is a Central incentive,” Dhanuka said.
Currently, the market size for flexible packaging films is around 18 lakh TPA and it is growing at 8-10 per cent per annum. These products are used for packaging, mostly in FMCG sector.
Dhunseri Poly Films is catering to the domestic market and exporting to the Europe, Bangladesh and Nepal. “Europe, Africa and Bangladesh are the major overseas markets,” Dhanuka added.
Dhunseri Ventures’ net profit stood at ₹142.97 crore for FY25, while revenue stood at ₹480.43 crore.
Published on June 19, 2025
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