Promoted by M. S. Agarwal and established on 26 July, 1971, Kanpur Plastipack Limited is a two star export house, engaged in manufacturing of HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBC's), Fabrics and High Tenacity PP Multi Filament Yarn (MFY). The Company is a Consignment Stockiest of M/s Indian Oil Corporation Limited and owns and operates solar power generation facility at Kanpur.
The Company had started as a small scale industry and has grown to become a medium sized manufacturer of woven sacks. The Company put up a plant in Kanpur, at a cost of Rs 460 lac to manufacture 1425 tpa, which was later on increased to 1890 tpa. It also set up additional facilities to manufacture paper lined plastic bags. In Oct.'86, the company came out with a public issue to part-finance the expansion of its capacity from 1890 tpa to 3755 tpa. Its client list includes IEL, IFFCO, FACT, J K Synthetics, Straw Products, etc.
In 1990, the company started producing paper lined plastic bags at its plant which was lying idle for the last two years. The adverse market conditions, impact of the Jute Packing Control Order and various other reasons affected the operations of the company. It suffered continuous losses, thereby becoming a potentially sick unit. Subsequently, it came into the purview of the BIFR in 1991. The BIFR sanctioned a rehabilitation package in Jul.'92, which was implemented by the company.
During the year 2010-11, the Company commissioned ...Multi filament Yarn product. In year 2015-16, it installed the second Roof Top Solar plant of 506 kW. In 2017, it started construction of new plant at Kanpur, Dehat with an investment of Rs. 87 crore. The commercial production from its Green field project at Unit no. 3 commenced on 20th July, 2018. The Company got incorporated two subsidiary companies under the same line of business viz., Bright Choice Ventures Private Limited and Kanplas Earning Solutions Private Limited in 2021. It installed a Roof Top Solar Power System of 2750 kWp capacity at Unit-3, which became operational from April 01, 2022.
In FY 2023-24, Company established a new vertical in the form of Cast Polypropylene Film (CPF) division and commenced production w.e.f. September 2023. Further, it also opened an additional warehouse in Bareilly in May, 2024.
FAQs on Kanpur Plastipack Ltd
1. Can I buy Kanpur Plastipack Ltd from PL Capital? ›
Yes, you can invest in Kanpur Plastipack Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Kanpur Plastipack Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Kanpur Plastipack Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Kanpur Plastipack Ltd pay dividends? ›
Yes, Kanpur Plastipack Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Kanpur Plastipack Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Kanpur Plastipack Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Kanpur Plastipack Ltd. is ₹ 196.09 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Kanpur Plastipack Ltd ? ›
The 52-week high and low of Kanpur Plastipack Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
