Garware Hi-Tech Films approved a ₹118 crore thermoplastic-polyurethane extrusion plant at Waluj on February 7, 2025. Its exchange disclosure listed no existing TPU extrusion capacity and proposed 360 LSF a year, financed through internal accruals.
The filing scheduled project initiation for March 2025, an 18-month addition period and commercial production in October 2026. Those were project forecasts. This report does not establish that commercial production had begun by October 14, 2026.
On a February 10 earnings call, management said the extrusion output would supply existing and upcoming paint-protection-film lines. That places the investment upstream in the manufacturing process, rather than making it simply another finished-film product launch.
The filing also supplied an estimated payback period. An estimate is not a realized investment return; this account makes no claim that projected savings or returns have been achieved.
Sources & reporting notes
- Setting up of TPU plant Garware Hi-Tech Films via National Stock Exchange of India · Source dated February 7, 2025
- Q3 FY25 earnings-call transcript Garware Hi-Tech Films · Source dated February 14, 2025Filed February 14; only the PPF-input purpose is used here, avoiding duplicate details charged to other stories.
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