Jindal Poly Films Ltd

Summary

Jindal Polyester Ltd (JPL), incorporated as a public limited company in Sep.74 in the name of Hindustan Pipe Udyog, got its present name in Jan.95. In 1974, the company set up its first unit to manufacture ERW steel pipes and tubes, black and galvanised, at Jindal Nagar (Ghaziabad district), UP. In Apr.93, the steel unit of the company was transferred to Jindal Pipes. The company is the largest producer of flexible packaging films in the country. The company also manufacture and sell POY and manufacture polyester chips for captive comsumption. Jindal France SAS, Rexor SAS and Hindustan Polyester Ltd are the subsidiaries of the company.In 1985, JPL diversified into the manufacture of polypropylene filament yarn and polyester filament yarn at Gulaothi, UP. It also modernised its POY plant in 1990 to update technology and replace certain old and worn-out equipments/components. In 1992, it set up a polycondensation plant with an installed capacity of 15000 tpa for captive consumption.During 1994-95, Northern Plastics Finance Company (NPFCL), engaged mainly in investing and dealing in securities and finance, was amalgamated with the company. JPL has also came out with a public issue in Aug.94 to part-finance the expansion scheme and to diversify to manufacture bottle-grade chips. During 1995-96, the company has set up a new project of bi-axially oriented polyester film at Nasik as a 100% EOU with an installed capacity of 12000 tpa. In Apr.99, India Polyfilms and Patel Poly... Read More