TPL Plastech Limited announced on Monday that the company has successfully completed the Project (Phase-l) in Silvassa, UT (western region) for manufacturing of small packaging products (50 ml to 10 ltr) as Value Added Products. The project got completed as per the schedule and the Company has started commercial operations from this unit starting October 2021.
The Company initially will serve its existing customers in the segment of Chemicals, Pharma, FMCG, Food, etc.
“Growth in the Chemicals industry including Specialty Chemicals and Pharmaceuticals has been driving the demand for packaging products around the world. The company expects growth opportunity to emerge for India given the shift of chemical manufacturing base from China to other Asian countries including India,” company said in a filing on Monday.
TPL Plastech Ltd ended at Rs176.85 per peice up by Rs0.3 or 0.17% from its previous closing of Rs176.55 per piece on the BSE.
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( With inputs from indiainfoline)