Capacity Expansion / Manufacturing Expansion
Garware Hi-Tech Films Approves ₹191 Crore Capacity Expansion for New SCF Line
NSE
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BSE
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Garware Hi-Tech Films approved a ₹191 crore capacity expansion project for a new Sun Control Film (SCF) lamination line at Waluj, Maharashtra to support future growth demand.
PRICE-SENSITIVE TRIGGER
Event: Board approved new SCF production capacity addition
Type: Capacity Expansion / Manufacturing Expansion
Impact: Positive
Immediate Effect: The expansion increase future production capability in the high-growth Sun Control Film segment
Key Metrics:
- Investment Amount: ₹191 Crore
- Existing Capacity: 4200 LSF P.A.
- New Capacity Addition: 1200 LSF P.A.
- Implementation Timeline: 14 Months
- Financing Mode: Internal Accruals
- Location: Waluj, Chhatrapati Sambhaji Nagar, Maharashtra
Highlight:
- Capacity expansion approved to cater future growth demand.
- Existing SCF capacity operating at optimum utilization.
- New line backed by internal accrual funding.
- Expansion strengthens specialty films manufacturing scale.
What Happened ?
Garware Hi-Tech Films informed the exchanges that its Board of Directors approved expansion of a new Sun Control Film (SCF) lamination line at its Waluj manufacturing facility in Maharashtra.
The proposed project will add 1200 LSF per annum of additional capacity and is expected to be implemented within 14 months. The company stated that the investment will be funded through internal accruals and is aimed at supporting future growth requirements.
key highlights
Capacity Expansion Details:
- Existing SCF capacity stands at 4200 LSF per annum.
- Current utilization levels are operating at optimum capacity.
- Proposed additional capacity will be 1200 LSF per annum.
- Project located at Waluj, Chhatrapati Sambhaji Nagar, Maharashtra.
- Estimated project investment stands at ₹191 crore plus applicable taxes.
- Expansion expected to be completed within 14 months.
- Funding planned entirely through internal accruals.
- Capacity addition intended to support future business growth.
Note:
- Capacity expansion in premium specialty film products indicates management confidence in medium-term demand visibility and growth scalability.
Risk Analysis
Key Risks
- Delay in project commissioning could postpone revenue contribution.
- Lower-than-expected utilization may affect return on investment.
- Raw material and equipment cost inflation may impact project economics.
- Specialty film market competition could affect future realizations.
Worst Case Scenario
- Weak demand growth or delayed capacity ramp-up could reduce expected returns from the ₹191 crore investment.
Risk Level: Medium
Company Commentary
- Board approved SCF line expansion on 06 May 2026.
- Proposed capacity addition stands at 1200 LSF per annum.
- Investment estimated at approximately ₹191 crore plus taxes.
- Expansion to be funded through internal accruals.
- Existing utilization levels currently at optimum capacity
Official Exchange Filing: Garware Hi-Tech Films Limited