Victory Glass To Tap Market

Managing director S K Jhunjhunwala said the company was raising capital to part finance the expansion of the existing glass bottle manufacturing plant, the 2.025 mw capacity captive wind power project and its diversification into a PET bottle plant.

The company has already completed the expansion of its existing glass bottle manufacturing capacity from 31,000 tpa to 36,500 tpa.

This expansion is proposed to be used for value-added small bottles ranging in sizes from 15ml to 180 ml.

For its PET bottle project, the company proposes to install a capacity of 22 million bottles per year at an estimated cost of Rs 10 crore.