By September quarter of 2022-23
Cosmo Films has announced plans to re-commence the installation of a speciality polyester films line (Biaxially-Oriented Polyethylene Terephthalate) by September quarter of 2022-23.The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India with a capacity of 30,000 MT per annum. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers and a CP production line will complement the existing BOPP capacity of 200,000 MT per annum and allow Cosmo Films to offer a more comprehensive speciality product basket for flexible packaging, labelling, lamination, and industrial applications.
The project cost is estimated to be Rs 300 crore, which will be financed through a mix of internal accruals and loans. The company's key financial parameters for the quarter ended June 2020 are well placed - debt/ EDBITA @1.8 times and net debt to equity @ 0.7 times.
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