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Polyplex Corporation stock hits new 52-week high after subsidiary commissions new BOPP Film Line

PT Polyplex Films Indonesia is a wholly owned subsidiary of Polyplex (Thailand) Public Company Limited.

December 08, 2021 11:14 IST | India Infoline News Service
Polyplex Corporation Ltd has informed to the exchanges regarding commencement of operations of 10.6 meter BOPP Film at Indonesia.

As per regulatory filing, the company said that a 10.6 meter BOPP Film Line with a capacity of 60K TPA by PT Polyplex Films Indonesia, a wholly owned subsidiary of Polyplex (Thailand) Public Company Limited (PTL), Thailand, (51 % subsidiary of the Company) has commenced operations on December 7,2021.

On Wednesday at around 11:14 AM, Polyplex Corporation was trading at Rs1,914.05 apiece up by Rs83.85 or 4.58%, after hiting 52-week high at Rs1984.70 per piece.

Previously, the scrip ended at Rs1,830.20 apiece on the BSE.

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