Ganesha Ecosphere Plans For Expansion
Ganesha Ecosphere Limited plans to increase its installed capacity for Pet Bottle Recycling by 35,000 Tons per annum (TPA) at the green field location, taking the consolidated recycling capacity of the Company from 1,08,600 TPA to 1,43,600 TPA.
The Company expects the additional recycling capacity to provide a strategic advantage in meeting the increasing demand of the company's products domestically and globally among textile, apparel and retail companies. The brief details of the same are as follows:
|Existing Capacity||Consolidated Recycling capacity of all units of the Company is 108600 Tons per annum|
|Existing capacity utilization||90% (average)|
|Period within which the proposed capacity is to be added||Within next 24 months in phased manner|
|Investment Required||Approx. Rs. 250 Crore|
|Mode of Financing||Mix of debt, Internal Accruals and funds raised through QIP|
Note: Timeline, Investment required and Mode of financing stated above are based on management's estimate and are subject to change.