Ganesha Ecosphere Limited has revealed plans to expand the capacity of its wholly owned subsidiary, GANESHA ECO PET PRIVATE LIMITED. The key details of the expansion are as follows:
- Increase in Production Capacity: Ganesha Ecosphere will enhance its production capacity by 90,000 tons per annum (TPA). This includes a previously announced expansion of 45,000 TPA from the prior notice dated 12th November, 2024.
- New Greenfield Project in Odisha: The company will establish a greenfield project in Odisha with a production capacity of 67,500 TPA. This facility will focus on manufacturing rPET Chips/Granules.
- Expansion of Warangal Plant: The Warangal Plant’s capacity will be increased from 42,000 TPA to 64,500 TPA.
- Existing Capacity: Prior to the expansion, the existing production capacity stands at 42,000 TPA.
- Current Capacity Utilization: The current capacity utilization is around 75%.
- Timeline: The capacity expansion is expected to be completed within 18 months.
- Investment Required: The expansion will require an estimated investment of Rs. 700-750 Crore.
- Financing Plan: The funding for the expansion will come from a combination of debt, equity, and internal accruals.
- Rationale for Expansion: This capacity increase is part of Ganesha Ecosphere’s broader business growth strategy.
- Note: The timeline, investment estimate, and financing method are subject to change based on management’s assessment.