Dhunseri Group eyes INR 2,240-crore expansion in flexible packaging business: Reports

The Dhunseri Poly Films has announced a landmark investment of INR 2,240-crore to scale up its flexible packaging films business across India by the financial year 2028–29. The investment will be executed through a combination of greenfield and brownfield projects, according to reports in major business dailies. 

The move comes as part of the company’s long-term strategy to strengthen its position in the domestic and export markets for BOPET (biaxially oriented polyethylene terephthalate) and BOPP (biaxially oriented polypropylene) films.

Foundation stone laid for Kathua plant
On 8 June 2025, Dhunseri Poly Films announced the foundation stone laying ceremony for two BOPP production units at Kathua in Jammu & Kashmir. Lieutenant governor of Jammu & Kashmir, Manoj Sinha, formally laid the foundation stone and praised the private sector’s enthusiasm in the region. “Kathua is one of the best places for investors. With these kinds of investments, new employment opportunities will emerge for the local youth,” said the LG Manoj Sinha during his address. 

The greenfield project at Kathua involves a capital outlay of ₹1,240 crore and will be developed in two phases. The plants are expected to commence commercial production by March 2027, opening up substantial employment and ancillary business opportunities in the region.
CK Dhanuka, chairman of the Dhunseri Group, stated, “We chose Kathua not just for business reasons but also as a contribution to the country and the local people. The project brings us immense mental satisfaction.”

Brownfield expansion in Panagarh, West Bengal
In addition to the new project in Jammu, Dhunseri is also doubling down on its existing operations at Panagarh Industrial Park in Bardhaman, West Bengal. The group plans to invest INR 1,000-crore to install two new production lines — one for BOPET (biaxially oriented polyethylene terephthalate) and another for BOPP (biaxially oriented polypropylene) films.

These units are projected to be commissioned by FY29 and will be financed with a 70:30 debt-to-equity ratio, according to Dhanuka. The Panagarh plant, which began commercial operations in December 2023, currently has an installed BOPET capacity of 51,200-tonnes. With the new additions, total capacity will expand to 120,000-tonnes for BOPET and 210,000-tonnes for BOPP by 2029.

For the financial year 2025, Dhunseri Ventures reported a net profit of INR 142.9-crore and revenue of INR 480.4-crore, further reinforcing its strong financial position to support ongoing and future capital projects.